THELOGICALINDIAN - Phoenix neurologist Peter Steinmetzhas been answerable with illegally operating an actionable Bitcoin exchange
In 2013, the U.S Treasury Department officially declared that exchanges and traders of agenda currencies like Bitcoin are admired as “money account businesses” and are accountable to official regulations. Neurologist and gun-rights apostle Peter Steinmetz was answerable by a admirable board for operating an actionable bitcoin exchange.
This isn’t the aboriginal time that the academician scientist has appeared in the civic news. In 2014, he was arrested while accustomed a burglarize at Phoenix International Airport during a gun-rights demonstration. Steinmetz was additionally featured in an article from the Arizona Republic, for an bearding Bitcoin donation account $10,000 to the Barrow Neurological Foundation which was acclimated in adjustment to armamentarium Steinmetz’ academician analysis project.
The Treasury’s Financial Crimes Enforcement Network is accusing the neurologist and his co-defendant, Thomas Costanzo (Morpheus Titania), for operating an barter for basic currencies (bitcoin) and charging a fee for the account after accepting an official ‘state money transmitting’ license.
While their operations didn’t get abundant absorption from authorities for several years, in 2024 clandestine agents fabricated several absolute affairs account of $160,000 in banknote with Costanzo.
On April 20, the federal agents managed to arrest Costanzo afterwards accession acceptable evidence. Since his arrest, Costanzo has been captivated in federal apprehension and both defendants are cat-and-mouse for a jury balloon which begins on August 1.
Dr. Peter Steinmetz’s advocate for the balloon is Brian Klein of Baker Marquart LLP, who offered his thoughts on the case:
What are your thoughts on the charges? Do you anticipate that we could see agnate cases to appear again? Let us apperceive in the comments below!
Images address of Pixabay
