P2P Bitcoin Trader prosecuted \ stacker news ~bitcoin

P2P Bitcoin Trader prosecuted threadreaderapp.com/thread/1566555742110351363.html

256 sats \ 9 comments \ @siggy47 5 Sep 2022 bitcoin

50 sats \ 0 replies \ @DarthCoin 5 Sep 2022

Some observations:

the .eth handle - raised a big alarm
never talk to cops, he did exactly opposite
even then, interpretation of the law is not a law anymore
even then, ask a simple question in an affidavit: please provide the document when me, as a living man, I agreed and signed that paper that gives you (cops/judge) any authority over me. Rebut the authority/jurisdiction using a simple affidavit Once you rebut the authority they have nothing against you. You are OUT.
The story sounds to me as fabricated (even with gov help) to scare noobs and in special bitcoiners.

Watch out for these tactics!

Guys, if you don't know how to defend yourself (not with fucking lawyers) you will ALWAYS pay the consequences, because you will always be in THEIR game.

30 sats \ 3 replies \ @siggy47 OP 5 Sep 2022

Here's some more info on the case: https://www.justice.gov/usao-ndtx/pr/doctor-bitcoin-pleads-guilty-illegal-cash-crypto-scheme

26 sats \ 2 replies \ @P2P_bitcoin 5 Sep 2022

told M.H. how to circumvent financial institution reporting requirements by keeping deposits under $9,500,

That's known as "structuring".

and directed M.H. to lie to financial institutions about the purpose of the business:

Umm ..ya.

Over the course of about a year, Mr. Hopkins conducted 37 transactions with M.H., converting between $550,000 and $1.5 million, he said.

Here's also an article on Dallas Observer:

Hopkins admitted he ran a money transmitting business as his main source of income, primarily providing customers with Bitcoin cryptocurrency. He advertised his services on platforms like Localbitcoins.com and Paxful.com.

Hopkins communicated directly with M.H. and the co-conspirator but never asked for the latter’s identification, despite knowing he was located in Nigeria.

Richardson Man, Alias 'Doctor Bitcoin', Pleads Guilty to Cyber-Crime Scheme https://www.dallasobserver.com/news/richardson-man-calling-himself-doctor-bitcoin-pleads-guilty-to-cash-to-crypto-scheme-12048514 https://archive.ph/BbUUr

36 sats \ 0 replies \ @WhiteRabbitBTC 5 Sep 2022

Good breakdown. The state is definitely your enemy but this guy did a poor job of playing the victim while obviously violating numerous banking laws which we all know only the elite and politicians get a free pass for.

31 sats \ 0 replies \ @P2P_bitcoin 5 Sep 2022

Also, the person whose prosecutor called her a "money mule":

Between December 2019 and January 2021 she received money from people who believed they had won a lottery money to “unlock” their winnings.

She claimed she was conned into participating in the scheme by another co-conspirator who she thought loved her.

MacArthur argued she was a willing participant noting she continued despite being warned twice in 2020 by the FBI before she was charged that she was committing a criminal act.

A co-conspirator in Nigeria directed victims to send their money to M.H. who, according to Hopkins, would forward it to him to buy bitcoins.

Bellefonte woman gets 18 months in lottery scam https://www.lockhaven.com/news/local-news/2022/03/bellefonte-women-gets-18-months-in-lottery-scam/

32 sats \ 0 replies \ @P2P_bitcoin 5 Sep 2022

Here's the Tweet that kicked off that Twitter thread:

So hey, I'm going offline for an indeterminate amount of time. I'm headed down to Beaumont FCI, where Uncle Sam will be footing the bill for my room and board for the next 6 to 15 months for the crime of selling #Bitcoin a few years ago.

https://i.postimg.cc/rF9sHH4C/image.jpg

https://twitter.com/rizzn/status/1566555742110351363 https://nitter.it/rizzn/status/1566555742110351363 <-- Shows the thread in a single, easy-to-read, web page

0 sats \ 0 replies \ @P2P_bitcoin 7 Sep 2022

"I smell a turd. I think something is very much wrong. I think [Dr. Bitcoin] is being told by the FEDs to put this narrative out there, to put the fear of God into [the typical P2P trader who does simple single trades with a counterparty]."

Beginning at the 0:25:15 mark, covered is the plight of the P2P trader "Doctor Bitcoin".

Bitcoin And . . . LFG! Ep609 is LIVE! #66989 https://soundcloud.com/bitcoin-and/bitcoin-and-lfg-ep609

0 sats \ 0 replies \ @P2P_bitcoin 7 Sep 2022

See also this article from Bitcoin Magazine:

Doctor Bitcoin, Jailed For Selling P2P, Warns Others They’ll Be Next #67285 https://bitcoinmagazine.com/culture/doctor-bitcoin-jailed-for-selling

0 sats \ 0 replies \ @TheBTCManual 6 Sep 2022

Lol so moral of the story is if you get involved in shady deals be the one sitting in Nigeria