Ian Freeman, an early adopter of the virtual currency, gets slammed by a state that can't tolerate any use of money without its permission and knowledge.
CONCORD, N.H. (AP) A New Hampshire man accused of running an unlicensed bitcoin exchange business catered to romance and imposter scammers who conned their victims into wiring him money that he shared as virtual currency with the criminals after taking his cut, a prosecutor alleged during opening statements in his trial Tuesday.
Ian Freeman, who also is accused of money laundering, conspiracy, and four counts of tax evasion, actually warned people of scams and he helped businesses in the community, his lawyer said in the federal trial in Concord.