Randal Lord and his son Michael Lord were found guilty after being accused by the justice of the United States , specifically in the state of Louisina, for having Bitcoin business exchanges without a license and failing to report his cash income amounting to $10,000. In addition to this Mr. Randall pleaded guilty to a charge of distribution of anti-anxiety medication Alzoplam.

The Justice Department Louisina indicates that the accused from 2013 to 2015 accepted coins, money orders and MoneyPaks and these funds were exchanged Bitcoin, contrary to the law, the Lord were not registered with FinCEN or were licensed to operate as a service company money in the State of Louisiana.

The two men could be sentenced to five years in prison for the crime of unlicensed money services and an additional five years for Mr. Randall to his sentence for drug distribution . They could also be sentenced to 3 years probation and fined $ 250,000 . Sentencing is scheduled for August.

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Source: coindesk

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