After a two-week federal trial, a New Hampshire man was found guilty Thursday of running an unlicensed bitcoin exchange business and laundering more than $10 million in proceeds from romance scams and other internet frauds.

By failing to register with the Financial Crimes Enforcement Network as required by law, disabling ‘know your customer’ features on bitcoin kiosks, and ensuring bitcoin customers didn’t tell him what they did with their bitcoin, Ian Freeman “created a business that catered to fraudsters.”

He warned people about scams and helped businesses in the community, according to Freeman’s lawyer, Mark Sisti. Also read Looking for a smartphone? To check out the mobile finder, click here. “We are definitely going to appeal,” Sisti said. The jury gave us great credit for their time and effort

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