High Volume California LocalBitcoins Trader Sentenced After Pleading Guilty

Fifty year old Theresa Lynn Tetley, who did business on LocalBitcoins as "Bitcoin Maven", was sentenced to 366 days in prison and ordered to forfeit 40 Bitcoins, 292,264.00 USD in cash, and 25 gold bars after pleaing guilty to single counts of operating an unlicensed money transmitting business and money laundering (archived). The Bitcoin matron unknowingly began doing business with an undercover DEA agent in 2016 and according to the plea knowingly agreed to trade on entrapping terms insisted on by the DEA agent. Guilty pleas remain harmful to your future as they always were.

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