THELOGICALINDIAN - A wellknown bitcoin blogger and Localbitcoins banker was taken into aegis by Federal law administration agencies in Arizona aftermost anniversary Thomas Costanzootherwise accepted as Morpheus is allegedly actuality advised for agenda bill money bed-making charges
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Arizona Bitcoin Trader Arrested by Federal Agents
According to local reports and warrants acquired by the autonomous account outlet Freedom’s Phoenix Costanzo was bedfast by the U.S. Department of Homeland Security back admiral raided his home on April 20. Costanzo is a acclaimed amount aural Bitcoin and agorism-focused circles for his “Bitcoin and Cash” blog and autonomous writings.
A address appear by the Phoenix New Times details that law administration agents are investigating Costanzo’s budgetary affairs with bitcoin and added altcoins. Costanzo awash mining equipment, bitcoin ATMs, and awash cryptocurrency for an activity over the accomplished few years.
According to the bounded publication, Costanzo is a accepted Arizona banker who acclimated Localbitcoins, and agents were accustomed to accroach banking annal and any actionable banned in his home.
Unlicensed Money Transmission
Law administration admiral acquired a accreditation from U.S. Magistrate Judge David Duncan to chase Costanzo’s abode in Maricopa County. According to reports, Costanzo has alone been answerable with control of 60 cartridges of ammunition, but warrants and board advance federal authorities are additionally attractive into his “unlicensed money transmitting business.” Costanzo appeared at his apprehension audition on April 27 and was after denied bail.
According to sources, the cloister believes Costanzo is a “flight risk” and will be captivated in aegis until his balloon begins. Federal prosecutors told U.S. Magistrate Judge Michelle Burns that Costanzo has a history of absence out on warrants and added criminal cloister cases.
Why Is a Federal Taskforce Raiding a Man’s Home Over a Small Box of Ammunition?
The case has additionally been arguable beyond amusing media platforms as some critics accept said the case has annihilation to do with cryptocurrency. So far Costanzo is alone answerable with the armament possession. However added sources such as the Phoenix New Times advance the analysis is acceptable a absolute aftereffect of a cryptocurrency anti-money bed-making crackdown by U.S. federal agencies.
People with these opinions accept it’s a bit acute for Homeland Security to be arresting Costanzo for a bald sixty cartridges of Winchester ammunition.
How do you feel about a Localbitcoins banker actuality bedfast by the police? Let us apperceive in the comments below.
Images via Shutterstock, Freedom’s Phoenix, and the Phoenix New Times.
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