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.

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.

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