26 sats \ 2 replies \ @P2P_bitcoin 5 Sep 2022 \ parent \ on: P2P Bitcoin Trader prosecuted bitcoin
told M.H. how to circumvent financial institution reporting requirements by keeping deposits under $9,500,
That's known as "structuring".
and directed M.H. to lie to financial institutions about the purpose of the business:
Umm ..ya.
Over the course of about a year, Mr. Hopkins conducted 37 transactions with M.H., converting between $550,000 and $1.5 million, he said.
Here's also an article on Dallas Observer:
Hopkins admitted he ran a money transmitting business as his main source of income, primarily providing customers with Bitcoin cryptocurrency. He advertised his services on platforms like Localbitcoins.com and Paxful.com.
Hopkins communicated directly with M.H. and the co-conspirator but never asked for the latter’s identification, despite knowing he was located in Nigeria.
Richardson Man, Alias 'Doctor Bitcoin', Pleads Guilty to Cyber-Crime Scheme https://www.dallasobserver.com/news/richardson-man-calling-himself-doctor-bitcoin-pleads-guilty-to-cash-to-crypto-scheme-12048514 https://archive.ph/BbUUr
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36 sats \ 0 replies \ @WhiteRabbitBTC 5 Sep 2022
Good breakdown. The state is definitely your enemy but this guy did a poor job of playing the victim while obviously violating numerous banking laws which we all know only the elite and politicians get a free pass for.
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31 sats \ 0 replies \ @P2P_bitcoin 5 Sep 2022
Also, the person whose prosecutor called her a "money mule":
Between December 2019 and January 2021 she received money from people who believed they had won a lottery money to “unlock” their winnings.
She claimed she was conned into participating in the scheme by another co-conspirator who she thought loved her.
MacArthur argued she was a willing participant noting she continued despite being warned twice in 2020 by the FBI before she was charged that she was committing a criminal act.
A co-conspirator in Nigeria directed victims to send their money to M.H. who, according to Hopkins, would forward it to him to buy bitcoins.
Bellefonte woman gets 18 months in lottery scam https://www.lockhaven.com/news/local-news/2022/03/bellefonte-women-gets-18-months-in-lottery-scam/
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