21-Year-Old Bitcoin Dealer Indicted on International Money Laundering Charges
On Friday (17 August 2018), the U.S. Attorney’s Office, Southern District of California, announced via a press release that Jacob Burrell-Campos, a 21-year-old Bitcoin dealer, was "ordered held without bail today in connection with a 31-count indictment charging him with operating an illegal money transmitting business, failing to maintain an anti-money laundering program, international money laundering and conspiracy to structure monetary transactions." He was arrested on 13 August 2018 when he tried to re-enter Unites States from Mexico.
Jacob's Facebook page says he is a resident of San Diego (t seems that he was born there, but according to the court, he lives in Rosarito, a coastal resort city in the Mexican state of Baja California). It also says that he works as a programmer for a startup called "Edge" (their mobile crypto wallet lets you buy/sell/store several cryptocurrencies).
According to the press release:
The court found that Jacob had close ties to Mexico, three citizenships, and no steady job in the U.S. Therefore, he was considered a flight risk, and denied bail.
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