San Jose : CA : USA | Jun 23, 2013 at 8:37 AM PDT
Source: Forbes
Views: Pending
If found to be in violation of California Financial Code, penalties can be severe ranging from $1,000 to $2,500 per violation per day plus criminal prosecution which could result in fines and/or imprisonment. Additionally, it is a felony violation of federal law to engage in the business of money transmission… FULL ARTICLE AT Forbes