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ILLEGAL BITCOIN EXCHANGE........Man In Michigan Prosecuted For Selling Bitcoin

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A Michigan man named Bradley Anthony Stetkiw has been charged by local authorities for operating an unlicensed money transmitting business. The charges have been filed in US District Court.

Fireinthebone gathered that Stetkiw had been brokering Bitcoin transactions worth hundreds of thousands of dollars without the proper licensing required for monetary brokering. He had been using the website LocalBitcoins, and would meet his would-be clients at Tim Horton’s restaurant, going by the moniker ‘SaltandPepper.’

As part of a sting operation, federal agents met the trader and purchased more than $55,000 in Bitcoin over the course of a number of meetings, with Stetkiw even brokering deals with out of state sellers. These activities are all licensed by state and federal agencies.

The operation highlights the reality that Bitcoin is still within a widespread ‘adoption curve’ as the power of the decentralized currency is mitigated with the dangers of illegal activities.


Friend, Jesus came looking for you. Give your heart to Him, Love the Lord with all your heart, strength and might.  Love your neighbour as yourself, hold no offence, no bitterness - the Lord is near you to help you!


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