William Greene is accused of managing an unregistered company that was engaged in money transfers through a special website called Destination Bitcoin. Thanks to this Internet resource, he was able to accept payments for more than $2 million, as well as convert this money into bitcoins for clients, additionally demanding a certain fee for this, as the prosecutor’s office of the American state said.
The man is due to appear in court very soon. According to the prosecutor’s office, according to the Federal Law, any person who owns or operates a business that performs financial transfers must register it with the Ministry of Finance.
The report also states that Green was not registered either on behalf of his own financial transfer company or on behalf of his own.
For such an offense, the maximum penalty that Green can face is 5 years in prison and a fine of $250,000.
In 2018, Eldon Stone Ross, who lives in Pennsylvania, was charged by the court with running a money transfer company that did not have an official license. The man was sentenced to 12 months in prison.
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