Fugitive Bitcoin Entrepreneur to Return Home for Court Appearance

The Nevada State Attorney Office is currently waiting for the return of Bryan Micon, a fugitive Bitcoin entrepreneur who fled the country immediately after facing an arrest warrant for operating an illegal gambling website, named Seals with Clubs.

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Micon, who spent his last few months in Antigua, will be appearing before the local court this Thursday, his lawyer David Chesnoff told media. If found guilty, he would be liable to face at least 10 years jail time, alongside $50,000 in fines, for ignoring to obtain the license from the concerned authority which, in this case, is Nevada Gaming Control Board.

According to the current licensing rules, the operator of interactive gaming license is liable to deposit an initial fee of $500,000 for the first two years. After the completion of the said period, the operator is obliged to pay $250,000 annually for running the online businesses. And as the court records suggest, Micon clearly violated these norms during the operation of his gaming website.

“Operating or otherwise conducting gaming in the state without a license is illegal, and this office will aggressively pursue individuals and companies who seek to circumvent gaming

Read more ... source: TheBitcoinNews