LOS ANGELES: A Southern California woman dubbed the "Bitcoin Maven" for illegally laundering the digital currency has been sentenced to a year and a day in federal prison.
Theresa Tetley was sentenced Monday in Los Angeles.
Prosecutors say the former stockbroker laundered millions of dollars' worth of bitcoins through an unlicensed bitcoin-for-cash service. Authorities say she had customers around the country — including one client who's suspected of selling drugs on the dark web.
Tetley pleaded guilty to money laundering and operating an unlicensed money transmitting business.
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Besides her prison sentence, Tetley was fined $20,000 and ordered to forfeit 40 bitcoins, about $292,000 in cash and 25 gold bars.
A single bitcoin currently is worth about $6,700.
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