In line with a recent report by native news media ‘Los Angeles Times’, Morgan Rockwell, also called Morgan Rockcoons of crypto city project ‘Bitcointopia’, has plead guilty to two crypto related charges within the federal court of San Diego. Rockcoons acknowledged both to marketing and selling land he didn’t have for a cryptocurrency town project named “Bitcointopia” along with ... Bitcoin is going to get a new home, spread across 3000 acres of Elko County, Nevada, the USA named Bitcointopia. Based on the cryptocurrency and blockchain technology, this revolutionary city is the vision of Morgan Rockwell. He wanted to develop a technology-centric city much like Disneyland... Morgan Rockcoons, (aka Morgan Rockwell) pleaded guilty to 2 counts of cryptocurrency related crimes in San Diego’s federal court last week. The creator of a supposed Bitcoin ( BTC ) utopia known as “Bitcointopia” was charged with conducting an unlicensed money transmitter business and defrauding investors who bought land parcels in Bitcointopia which Rockcoons did not actually possess. Operating unlicensed Bitcoin exchange results in a 2-year prison sentence. Morgan Rockcoons, who also goes by Morgan Rockwell, was sentenced to 21 months in prison by U.S. District Judge Anthony J. Battaglia for wire fraud and operating an unlicensed money transmitting business. Morgan Rockwell, CEO de Bitcoin Inc., fue detenido en febrero por realizar transacciones con criptomonedas que, para las autoridades, son violatorias de la ley 18 USC 1956 referente al blanqueo de capitales. La transacción principal por la que fue imputado asciende a 9.300 dólares en bitcoins. The Nevadan also is known as Morgan Rockwell will spend 21 months in jail and will have to return the profits amounting up to $80,600 that he made by using an unlicensed transmitting service. The profits were also linked to wire fraud. Morgan defrauded many individuals by selling land he didn’t even own. He owned 4.9 acres in Nevada but he sold about 18 acres in 2018. The land located in ... Morgan Rockwell, CEO Bitcoin Inc a company that builds products and services that utilize Bitcoin. Morgan works to bring Bitcoin to the world daily via many companies, products, partnerships, as well as his endurance from bitcoins birth through the ups & downs until today. Bitcoin has so much potential from it’s development, it’s use & it’s value. Morgan acts on a self prescribed ... Morgan Rockwell is a man with a dream, but not just any dream. He plans to create the world’s first Bitcoin town, but in order to do that he will need Tesla’s help. Having said that, how can the electric automotive company help Rockwell turn his dream into reality? The entrepreneur, founder of Kinetics Inc., hasRead More According to the latest press release, Morgan Rockwell, CEO of Bitcoin Inc. was charged with the offenses of scamming and the use of illegal Bitcoin exchange. He has been sentenced to prison for a term of twenty-one months with forfeiture of $80,600 in illicit profits. Morgan Rockcoons, also known as Morgan Rockwell, has pleaded guilty to two cryptocurrency-related charges in San Diego federal court this week.Rockcoons admitted both to selling land he didn’t have for a crypto city project dubbed “Bitcointopia” and to operating a money transmitting business without a license, daily news outlet the Los Angeles Times (LA Times) reported on March 8.
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