A Normal man1 has been sentenced by Chief U.S. District Judge James Shadid to 48 months in federal prison for operating a bitcoin exchange. 55 year old John Powell of Normal, Illinois plead guilty to two counts of operating an unlicensed money service business.
Powell received US $3 million over an 18 month period up until February 2014. Upon completion of the sentence, Powell will serve three years of supervised release.
top kek! ↩