In March 2021 in Keene, New Hampshire, the FBI led a raid, along with the ATF and other agencies, on the Free Talk Live studios (a libertarian radio show) against Ian Freeman (director of FTL) alleging that he operated an unlicensed money transmitting business in the form of Bitcoin ATM machines. The raid was conducted in the middle of the night and the joint taskforce used Bearcat armored vehicles, flashbang grenades, and destroyed security cameras and windows on Freeman's property. The taskforce also confiscated $180,000 in cash, boxes full of goldbacks, 101 physical Bitcoins, and other possessions of Ian Freeman. The homes of several other individuals were raided that night, later being referred to as "the Crypto Six." While the FBI's main justification for this raid was that scammers were using the Bitcoin vending machines to scam people, Ian Freeman counters saying that he frequently warned ATM users of scams and used his Bitcoin vending machines to improve the businesses in his community.
The prosecution had originally charged Freeman with 25 felony counts, eventually dropping 17 counts as the trial went on. Freeman's attorney asserted that the charges against Freeman were "absolute nonsense" and described Freeman as a nonviolent man that assists people with avoiding scams rather than aiding scams. Freeman received public support during his trial, with overflow rooms established to accommodate his supporters and one security officer noting, "Iβve never seen the courtroom like that" when referencing the number of attendees. On December 23, 2022, Ian Freeman was convicted on all eight felony counts and his case is pending sentencing and appeal. His appeal is scheduled for April 14, 2023.
Ian was sentenced in October 2023 to eight years in prison. Court documents show he recently filed an appeal to the court's ruling. Freeman was found guilty of laundering over $10 million in proceeds of romance scams and other internet frauds by exchanging U.S. dollars for Bitcoin.
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#fbi
#bitcoin
#cryptosix