California man sentenced to two years in prison for operating a bitcoin transmission business

California man sentenced to two years in prison for operating a bitcoin transmission business

Kais Mohammad, a 37-year-old man from Yorba Linda, California, was sentenced to two years in federal prison for allegedly illegally operating a bitcoin-based money transmission business, according to a release from the U.S. Department of Justice.  Court records suggest that Mohammad, a compliance-trained former bank employee, operated his business “Herocoin” from 2014 to 2019, where …

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