Case in point is Jacob Burrell Campos, a 21-year-old man from Rosarito. He was arrested by law enforcement when he tried to enter the United States from Mexico via the Otay Mesa Port of Entry.
His crime? Well, Campos faces a 31-count indictment. Chief among the charges is money laundering. It seems Campos has been a pretty busy Bitcoin dealer. He traveled across the United States, selling $750,000 in bitcoins to more than 900 customers. In all, he was involved in 971 transactions.
However, Campos did not register with the US Department of Treasury, not to mention complying with their money laundering laws. In fact, he went out of his way to engage in shady deals where he took a 5 percent cut, allowing people to wash their dirty dollars into clean cryptocurrency.