Federal Agents Raid Home of Arizona Bitcoin Trader


A bitcoin advocate and dealer primarily based in Arizona was arrested final week by federal authorities, based on native reviews.

Reports from web sites embody Freedom’s Phoenix and Phoenix New Times point out that Thomas Costanzo was arrested on 20th April for illegal possession of ammunition stemming from a previous conviction. The arrest resulted from a house raid led by the US Department of Homeland Security.

Yet warrant paperwork obtained by Freedom’s Phoenix recommend that authorities are investigating different points of Costanzo’s actions, together with his use or sale of digital currencies together with bitcoin, ethereum and sprint.

Costanzo, who makes use of the moniker “Morpheus Titania” on-line, operates a bitcoin-centered website that was up to date as of third April. According to the positioning, Costanzo has been a full-time bitcoin dealer for the previous three years, whereas additionally selling bitcoin miners and ATMs.

One of the warrant paperwork approves the seek for “digital currency including Bitcoin, Ethereum, Dash, or other digital coin ‘altcoin’, or any other financial instrument believed to be proceeds of money laundering or drug sales”.

Further alongside, the warrant identifies information for “digital Bitcoin transactions” and gadgets succesful of retaining “virtual currency applications [and] crypto-currency wallet applications” as different objects for seizure.

A grievance and subsequent indictment filed within the US District Court for the District of Arizona, nonetheless, solely account for the allegedly illegal possession of ammunition. New Times advised in its report that extra prices could possibly be filed, however its unclear right now whether or not that may occur.

According to Freedom’s Phoenix, Costanzo is scheduled to seem at a detention listening to on 27th April.

Police car image through Shutterstock 

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