US Court Seizes 81 BTC, Sends Bitcoin Trader to Jail for 41 Months for Money Laundering


August 4 2018

The U.S. Department of Justice (DOJ) announced Wednesday, August 1, that District Judge G. Murray Snow has sentenced a bitcoin trader to 41 months in prison.

Thomas Mario Costanzo, also known as Morpheus Titania, has been sentenced to “41 months’ imprisonment, with credit for time served since his arrest in April 2017,” the notice reads. “Costanzo was found guilty by a federal jury on March 28, 2018, of money laundering.”

The 54-year-old Arizona resident advertised on Localbitcoins, a peer-to-peer bitcoin exchange website, “that he was willing to engage in cash transactions up to $50,000,” the DOJ described,