A Citizen of California Might Spend Five Years in Prison for Hosting a Scam Crypto Exchange
According to the report published by the Attorney’s Office of California, a citizen of San Diego, Jacob Burrell Campos, was found guilty for running an unauthorized Bitcoin exchange in the period from 2015 to 2016. Over 1000 people became victims of the crypto scammer and lost their money. This is similar to the cryptocurrency trading apps like Bitcoin Revolution, who were being said to scam the users who invested in it. The man confessed that he first launched a legitimate exchange platform, but it was soon closed, so he turned to illegal methods. Now Campos is facing the verdict of up to 5 years in prison. Moreover, he will have to pay over $800 thousand as a fine. We remind you: https://thecoinshark.net/the-loudest-and-boldest-crypto-crimes-of-all-times/ Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/ The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.