Skip to content

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
  • News
  • Mining
  • ATM
  • Bitcoin (BTC)
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • Home
  • Bitcoin (BTC)
  • Doctor Bitcoin Faces Five Years in Federal Prison
  • Bitcoin (BTC)
  • Crypto News

Doctor Bitcoin Faces Five Years in Federal Prison

Blaine Matta July 1, 2021 2 min read

The infamous man from Texas who is known by his made-up name “Doctor Bitcoin” was presented before the Court for the initiation of his trial where he pleaded guilty before the Court. He accepted his offense of having been part of an illegal crypto trading platform and having run it deliberately for unlawfully exchanging fiat into Bitcoin. The court sentenced him to serve 5 years in imprisonment.

Mark Alexander Hopkins is a man from Texas who has been sent to Federal prison as he pleaded guilty as charged.

Hopkins has been known for his self-proclaimed made-up name called “Doctor Bitcoin”. A statement has been issued by the Department of Justice in which Doctor Bitcoin’s sentence of 5 years was also confirmed. It was further told by the DOJ that Doctor Bitcoin was running an illegal business of Bitcoin trading. He was converting the cash into crypto, particularly Bitcoin, illegally when he was arrested by the authorities red-handed.

Doctor Bitcoin has turned 42 recently and has now been ordered to be sent to federal prison where he will serve 5 years.

When he was brought before the Court for the initiation of his trial, he outrightly admitted his offense. He pleaded “guilty” before the Court and accepted that he was in fact running an illegal business. He told the Court that his illegal activities, which included converting hard cash into Bitcoins, remained unnoticed until he was arrested. He also admitted that he was alone running the currency conversion business on his own and had no accomplices.

Prerak Shah, who is currently acting as the US Attorney in his absence, argued before that Court that Doctor Bitcoin made a mockery of the law. He not only abused the law but also took the law into his own hands and did what he pleased. It was argued that Hopkins deliberately violated the relevant law and promoted the culture of illegal and corrupt practices. The US Attorney told the Court that he was facilitating fraudsters in abusing the cryptocurrency, especially Bitcoin. US Attorney also told the Court that the law has put a duty upon the DOJ to ensure that crypto criminals are brought before the trial.

During his admission of charges, Hopkins also stated on oath that he was running an illegal business of crypto trading. He was regularly sending Bitcoin units into the wallets of his local as well as foreign customers without determining their identities. In fact, he deliberately did not opt to verify whether the cash was coming from a legitimate or criminal source.

In the end, the Court was quick in passing the ruling and concluded that Hopkins was an offender of the law. The Court ordered that he should serve a maximum of five years in prison.

Post Views: 333

Continue Reading

Previous: More Crypto Adoption Would Lead To Collection of Crypto Taxes
Next: Monetary Authority of Palestine Considers Cryptocurrency a Political Gesture

Related Stories

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,651.00
-1.62%
ethereum
Ethereum (ETH)
$2,011.29
-3.30%
tether
Tether (USDT)
$1.00
-0.17%
usd-coin
USD Coin (USDC)
$1.00
-0.34%
binancecoin
BNB (BNB)
$295.57
-1.72%
ripple
XRP (XRP)
$0.417468
-2.86%
cardano
Cardano (ADA)
$0.56
0.33%
polkadot
Polkadot (DOT)
$10.61
-2.64%
dogecoin
Dogecoin (DOGE)
$0.086954
-3.43%
Uniswap
Uniswap (UNI)
$5.02
-5.00%

Recent Posts

  • Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    At the time of writing, the buyers are trying to defend a low trading price of Terra (LUNA)
  • ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    If you are into the meme coins then it goes without saying that you are well aware of
  • Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Time to go through the price analysis of extraDNA, Maneki-neko, and Gleec. The reason behind their price analysis
  • Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Gera Coin and CouponBay have reportedly experienced huge rallies in the past 24-hours. Both Gera Coin and CouponBay
  • Price Analysis of Meta Course (COURSE), CroNodes (CRN), and Stabledoc (SDT)

    Price Analysis of Meta Course (COURSE), CroNodes (CRN), and Stabledoc (SDT)

    Meta Course (COURSE) – 190.73% Surge The trading price of Meta Course was reportedly at a low of

Start Trading

Categories

Top Posts

  • Price Analysis of AltSwitch (ALTS) and QATAR 2022 TOKEN (FWC)

    Price Analysis of AltSwitch (ALTS) and QATAR 2022 TOKEN (FWC)

    AltSwitch (ALTS) Price to Hit $0.01215 In the past 24-hours, AltSwitch has shocked its entire investment community by
  • A Bot that Buys Bitcoin Every Time Elon Musk Tweets about Cryptocurrency

    A Bot that Buys Bitcoin Every Time Elon Musk Tweets about Cryptocurrency

    Elon Musk has been tweeting about cryptocurrency and, to be specific, about Dogecoin and Bitcoin a lot for
  • FTX Rumouredly Set To purchase Miami Heat Arena Naming Rights

    FTX Rumouredly Set To purchase Miami Heat Arena Naming Rights

    The growth of the Cryptocurrency space, in the last year, has continued to see the influx of many
  • Price Analysis of Asgardian Aereus (VOLT), PAPPAY (PAPPAY), and Thors Mead (MEAD)

    Price Analysis of Asgardian Aereus (VOLT), PAPPAY (PAPPAY), and Thors Mead (MEAD)

    The price analysis data for Asgardian Aereus (VOLT) by Coinlib has revealed that in the past 24-hours, the
  • New WordPress Plugin Enables Publishers to Earn ETH

    New WordPress Plugin Enables Publishers to Earn ETH

    Interacting with Ether is now possible for WordPress publishers, as a new plugin for one of the top

Archives

You may have missed

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022
Price Analysis of Gera Coin (GERA) and CouponBay (CUP)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

May 12, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • BTC-Trends
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • United Exchange
  • Impressive Area
  • DG Flex
  • Tredexo
  • Sure Exchange
  • CTmatador
  • DXCBIT
  • IBC Exchange
  • CryptoPayIn
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Globe Exchange
  • XPRTcoin
  • Mainrow
  • Goldvence
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • Cryptos Circus
  • Easy Crypto4U
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$29,651.00-1.62%
  • ethereumEthereum(ETH)$2,011.29-3.30%
  • tetherTether(USDT)$1.00-0.17%
  • usd-coinUSD Coin(USDC)$1.00-0.34%
  • binancecoinBNB(BNB)$295.57-1.72%
  • rippleXRP(XRP)$0.417468-2.86%
  • cardanoCardano(ADA)$0.560.33%
  • SolanaSolana(SOL)$52.60-3.16%
  • polkadotPolkadot(DOT)$10.61-2.64%
  • dogecoinDogecoin(DOGE)$0.086954-3.43%
  • bitcoin-cashBitcoin Cash(BCH)$199.23-3.47%
  • UniswapUniswap(UNI)$5.02-5.00%