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Two Years Worth of BTC Trades Investigated by DOJ

Written by:
Guest
Published on:
Apr/01/2018

The U.S. Attorneys Office from the District of Arizona and the Justice Department has convicted one Thomas Costanzo (AKA Morpheus), a cryptocurrency trader who is alleged to have exchanged over $164,000 worth of bitcoin (BTC) on the Localbitcoins platform.

Over two years worth of transactions were examined as part of the investigation.

From Bitcoin.com News:

Last year in April news.Bitcoin.com reported on Costanzo’s home being raided and when he was detained by Homeland Security on April 20, 2017. At the time local media outlets suggested that the charges against Costanzo stemmed from a nationwide cryptocurrency anti-money laundering crackdown by U.S. federal agencies.

Besides Localbitcoins Costanzo also ran his own over-the-counter cryptocurrency sales and prosecutors charged him with five counts of money laundering on March 28, 2018.

“In the advertisement, Costanzo advertised that he was willing to engage in cash transactions up to $50,000,” explains the Arizona Attorney’s Office.   

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