Thomas Mario Costanzo is a government target in part because he is not properly complicit with the government, according to Crypotcoin news. “Costanza and a partner operated for as long as four years with no attempt at getting legal,” Cryptocoin News reports.
The government is probably aware that many small-time, low-level traders don’t bother to do anything in regards to getting legal – at most, they will pay taxes. Which is, the most the government should expect from the small traders at least. When someone is trafficking in the millions, buying and selling bitcoins, then it makes sense that the government might take an interest in such a business.
In other words if you are small, the government doesn’t care, but if you are large, the government will pay attention. To make sure something would stick, the government charged with him with holding a few boxes of Winchester ammunition “in different calibers.”
The article points out this is “not your typical Bitcoin trader” because those trading at Costanzo’s level (in the millions) would make the effort to do things “legally.”
The actual charge has to do with money laundering though that seems to be a catch-all term that could refer to a variety of events, some of which are more technical than not.
One is left wondering if Constanza did something egregious of if he simply didn’t properly report what he was doing. If it is the latter, then this case may have more to do with anti-bitcoin, government sentiment than with significant crimes.
blockcitynews.com