Free Talk Live Co-Host Ian Freeman Found Guilty in Federal Crypto Trial
After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene resident and libertar...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
After close to two years, following the U.S. federal government accusing the Crypto Six of unlicensed money transmission, the case is seemingly coming to an end. According to multiple reports, Keene resident and libertarian activist, Ian Freeman, the last member of the Crypto Six case to be tried, was found guilty on all counts which included unlicensed money transmission, money laundering, and tax evasion. Freeman faces eight years in prison but he was not taken into custody on Thursday afternoon (ET). Reports detail that he must appear for sentencing on April 14, 2023, or appeal the verdict.
Ian Freeman Found Guilty of Unlicensed Money Transmission, Sentencing Hearing Scheduled for April 2023During the first week of Dec. 2022, Bitcoin.com News reported on the Crypto Six case and how the co-host of the radio broadcast Free Talk Live, Ian Freeman, was preparing to head to trial. Freeman was the only defendant left that remained in the Crypto Six case, as he decided to take the issue to trial in order to bring his case in front of a jury.
The charges against Freeman originally started on March 16, 2021, when U.S. federal agents raided the Shire Free Church in Keene New Hampshire, the Bitcoin Embassy, and the Free Talk Live studio. The U.S. Department of Justice (DOJ) said “the defendants knowingly operated the crypto exchange business in violation of federal anti-money laundering laws and regulations.”
After jurors were selected, Freeman’s trial officially started on Dec. 6, 2022. 16 days later, Free Talk Live co-host Mark Edge revealed on Facebook that Freeman was found guilty. “Ian guilty on all counts. unlicensed money transmission, money laundering, and tax evasion,” Edge said. The trial’s verdict was also revealed by the local news publication The Keen Sentinel.
The Sentinel’s Rick Green wrote that “a federal jury convicted Keene resident Ian Freeman on felony charges Thursday related to his cryptocurrency business.” Green confirmed Edge’s statements that said Freeman was found guilty of “operating an unlicensed money-transmitting business, money laundering, and income-tax evasion.”
The reporter further noted that Freeman was not taken into custody and is remanded to appear in court on April 14, 2023. Green further noted that Freeman’s defense attorney Mark Sisti told the court that the government’s case was based on “speculation, innuendo, and intuition but short on evidence.”
Some of the members of the Crypto Six case pleaded guilty to one charge of wire fraud last April. While Freeman is scheduled to appear in court for sentencing in April, the Free Talk Live co-host can appeal the verdict in the meantime.
What do you think about the Free Talk Live co-host Ian Freeman being found guilty of unlicensed money transmission by a jury on Thursday? Let us know what you think about this subject in the comments section below.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Former FBI Agent Pleads Guilty to Stealing $2.47M in Crypto Across 35 Cases
A former FBI agent has pleaded guilty to stealing nearly $2.5 million in cryptocurrency using confidential credentials obtained th...
Texas Voted to Pause New Data Centers. Which Bitcoin Miners Are Already Past the Freeze?
Bitcoin miners that turned into AI landlords have been valued on how many megawatts of power they control and how much of it sits...
Former FBI Agent Pleads Guilty to Stealing $2.47 Million in Crypto From Investigations
Bitcoin Magazine Former FBI Agent Pleads Guilty to Stealing $2.47 Million in Crypto From Investigations A former FBI agent pleaded...
Ex-FBI Agent’s Plea Puts Crypto Theft at $2.47 Million, Over Twice What He First Told the FBI
Patrick Steven Yaroch, a 37-year-old former FBI agent from Ashburn, Va., pleaded guilty on Nov. 5 to wire fraud and money launderi...
The crypto industry has found new ways to grow. Making money from them is another story
Coinbase, Robinhood and Circle are expanding into stablecoins, payments and prediction markets, but their latest earnings show how...
Paraguay Bank Crisis Sends USDT to 13% Premium After Ueno Freeze Hits 3M Customers
Key Takeaways: Bybit P2P listing also went about 13% cheaper than Paraguay’s official dollar rate in USDT. The failure of Ueno Ban...