A New York-based bitcoin trader has plead guilty to unlawful money transmission and making false statements to federal officials.
Richard Petix of Rochester, NY was originally charged with making false statements in late 2015, according to court records, after he told probation officials in October of that year that he wasn’t using any computer device, as required following of a 2009 conviction on a charge of knowingly transporting child pornography in interstate commerce.
The office said in a statement:
Prosecutors further alleged that Petix sold more than $200,000 worth of bitcoin between August 2014 and December 2015. Yet court documents show that one point, the defense argued that the allegation of unlawful money transmission wasn’t valid, given that Petix didn’t charge a fee for those transactions.
Petix was initially set to go on trial on 1st May. According to court documents, he will attend a sentencing hearing on 14th August.
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