Criminal Case Against Bitcoin Trader in Colorado Dropped – Bitcoints


Published on July 19th, 2015 | by bitcoin


Criminal Case Against Bitcoin Trader in Colorado Dropped

Following charges filed by the US Attorney’s Office against Burt Wagner for operating an unlicensed money transmitting business in the state of Colorado in late 2014, the criminal case has been dismissed by a district court judge.

However, Judge William Martinez issued an order to drop the indictment against the bitcoin trader and charges be dismissed “without prejudice” this week.

Authorities claimed that he has been participating in a Pirate Pass-Through scam that is being operated by Bitcoin Savings & Trust.

Bear in mind that Colorado has been fairly liberal when it comes to bitcoin trader activities yet it wasn’t one of the states that allowed Coinbase’s new exchange operation.

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