Bitcoin trader Burton Wagner has been arrested and may face 5 years in prison for his money transmitting activities dating back to 2012.
The US Federal Prosecution accuses Wagner of operating without a money transmitting license in a state where such operation is punishable as a misdemeanor or felony. The Feds further allege that Wagner participated in the Pirate Pass-Through scam operated by the now-infamous Bitcoin Savings & Trust.
As they say in an indictment […]
