Ian Freeman of ‘Crypto Six’ sentenced to 8 years in NH bitcoin case – NBC Boston

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A federal decide on Monday sentenced a New Hampshire man to eight years in jail for operating an unlicensed bitcoin alternate enterprise and fined him at the very least $40,000, though a listening to will likely be held to find out how a lot cash a number of individuals who stated they have been victimized by his enterprise will get.

Ian Freeman, whose story was the topic of an episode of an NBC10 Boston docuseries titled “The Crypto Six,” was taken away in handcuffs following his sentencing in U.S. District Courtroom in Harmony. Prosecutors stated Freeman, a libertarian activist and radio present host, created a enterprise that catered to fraudsters who focused aged ladies with romance scams, serving as “the ultimate step in completely separating the victims from their cash.”

“Love you, Ian,” supporters shouted as he was led out of court docket.

Freeman, who’s in his 40s, stated in court docket he didn’t consider he broke the legislation. He stated he was making an attempt to get folks to undertake bitcoin. He stated there have been instances he detected fraud and guarded many potential rip-off victims. He apologized for not having the ability to assist all of them.

“I don’t need folks to be taken benefit of,” stated Freeman, who stated he cooperated with legislation enforcement to assist some folks get their a reimbursement.

Freeman stated he devised a collection of questions for patrons, together with whether or not a 3rd get together was placing them as much as their transactions or in the event that they have been underneath duress. Some victims lied about their circumstances, he stated. Freeman additionally stated he didn’t study rip-off victims till he noticed their tales within the information.

“It didn’t matter how strict I used to be or what number of questions I requested,” he stated.

After a two-week trial, he was convicted of eight prices in December, though his conviction on a cash laundering cost was later overturned by the decide. The prosecution is interesting it to the first Circuit Courtroom of Appeals.

Freeman was sentenced on the remaining prices, which embrace working an unlicensed cash transmitting enterprise and conspiracy to commit cash laundering and wire fraud. Freeman’s legal professionals stated they deliberate to enchantment and requested that he stay free on bail for now, however U.S. District Courtroom Choose Joseph LaPlante didn’t enable it.

“There was actual hurt attributable to his conduct,” LaPlante stated.

The sentencing pointers known as for for much longer time period, starting from about 17 years to just about 22 years in jail. Freeman, who doesn’t have a previous prison document and has been monitored by the federal government for at the very least the final two years in Keene, the place he lives, had requested for a sentence of somewhat over three years in jail.

His spouse, Bonnie Freeman, stated he was a optimistic position mannequin and chief at a neighborhood church. Sheriff David Hathaway of Santa Cruz County, Arizona, described Freeman as an “advocate for freedom and the American dream” and “selling free commerce capitalism and particular person liberty.”

It begins with an early morning raid by the FBI all caught on digicam because the federal authorities cracked down on the group later dubbed “The Crypto Six.” On this episode we breakdown the federal case in opposition to some Free Staters who have been charged with wire fraud and cash laundering however with a brand new twist… utilizing cryptocurrency. Three members of the Crypto Six communicate out about their federal indictment, together with Ian Freeman, host of the discuss present “Free Discuss Dwell”, Aria DiMezzo, the excessive priestess of the Reformed Satanic Church of Keene and No one, the previous Pope Indigent of the Church of the Invisible Hand.

The transactions have been dealt with at bitcoin kiosks in bars, on-line and thru an app.

Final month, one of the victims described herself as a lonely widow who obtained scammed by a person she met on a courting website. At his instruction, she despatched $300,000 to Freeman, wiping out her life’s financial savings. One other lady informed the same story of taking out three loans and promoting her late husband’s truck to ship cash to the person who duped her.

Five other people were arrested with Freeman in 2021. Three pleaded responsible to wire fraud for opening accounts at monetary establishments of their names or within the names of church buildings to permit somebody to make use of the accounts to promote digital forex. They acquired gentle sentences. A fourth pleaded responsible to working an unlicensed cash transmitting enterprise and was sentenced to 18 months in jail. Prices have been dismissed in opposition to the fifth particular person.

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