Bryan Micon, the owner of Bitcoin operation Seals With Clubs, returned to the US from Antigua when the Nevada authorities raided his home earlier this year and has recently been sentenced for the illegal operation of the site.
According to the Associated Press, a Las Vegas court imposed a $25,000 fine plus two years of probation. Micon forfeited 3.0996 in bitcoin credits, $900 in cash and computers as part of the agreement made for his felony charge.
Should he violate his probation, Micon will face 2 years in state prison.
Nevada AG Adam Laxalt has said that the bitcoin and illegal online gambling prosecution was the first of its kind.
mrfrannied
8 years ago
Well said OOPaloo , but most people that may have had any dealings with government anywhere on the planet especially when it comes to and from financial standpoint, it is all about "WHERE IS OUR CUT / SHARE ?" And that is the top reason why situations like this occur . Call them for what they are , Witch-hunts
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Vanenhox
8 years ago
I don't really understand why governments are in the business of prosecuting potentially harmful activities like gambling and other forms of vice. Yes there are reasons that these activities can be harmful, but, in my opinion, regulation rather than criminalization could better address these hazards to society and those...
I don't really understand why governments are in the business of prosecuting potentially harmful activities like gambling and other forms of vice. Yes there are reasons that these activities can be harmful, but, in my opinion, regulation rather than criminalization could better address these hazards to society and those who are more directly involved.
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