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Bitcoin Fraud

A Mexican man faces up to five years in federal prison, plus $823,357 in disgorgement, after pleading guilty Monday to running an illegal money-transmitting business involving bitcoins.

SAN DIEGO — Jacob Burrell Campos, 21, of Rosarito, B.C., Mexico, faces up to five years in federal prison and must disgorge $823,357 after pleading guilty Monday to running an illegal money-transmitting business involving bitcoins.

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