Topic: CEO OF BITCOIN EXCHANGE ARRESTED - page 14. (Read 23786 times)

I'm not sure, but they would come out better if they were running some sort of lottery scheme for several years with seniors as their core customer base, for the sentence for such is only a $100 fine and time served while sitting till the case is heard, at least that's what I once read somewhere.

If any of you think this isn't by design you're sadly fooling yourselves.

This is Bitcoin cleaning up the Bitcoin scene in advance of government approval and regulation.

Sad for Charlie but overall will further the life expectancy of Bitcoin.

Just an opinion and nothing more.


~BCX~

Of course I mean the Bitcoin ones. I'm well aware they dealt with the 'real' ones years ago.

Like I've read somewhere else. We are only at the beginning of the arrests of people associated with SR. There were several big exchangers on Sr, like sugarmama, I bet it wont be too long until we hear about her. Im just surprised that someone so high up in the bitcoin community was involved..

This is absolutely by design; the timing is everything.

It's no more than a cut but as a community we're still bleeding from it.

My money is on Eric Vorhees

If he rats, I will lose every ounce of respect I have for Charlie. I hope that doesn't happen. I doubt it will.

Yes, the current Foundation should dissolve and the legitimate players can start a new one without being saddled by the historic acceptance of criminals that you see in today's Foundation.  This forum should be abandoned by all legitimate players before the admin get arrested for running an unregistered business, tax evasion, money laundering, conspiracy to commit fraud, etc.  That way the legitimate players can move forwarded and not be saddled by some of the idiots who have been permitted to run wild and cause all this damage.  I would include Alydian/Coinlab in that if you read their latest bankruptcy case.  The judge is accusing them of all sorts of things.  

It is actually quite unlikely that there does not exist evicence of wrongdoing at many levels given the scale of HSBC's malfeascence (though I'll agree that it may not have reached their chief complience officer mainly because he/she is likely a careful and clued in person else they would not have gotten the job.)

It is also quite likely that the US DoJ does not have large piles of it, but that is probably mostly because they don't want it.  An artifact of the lobbying money spent at various levels of our government.

The trouble with secret evidence and 'parallel construction' is that it makes decisions and actions of the authorities non-believable to the clued in segment of the public.  When the likes of Shrem get busted and his counterparts at HSBC simply get an even bigger bonus at the end of the year, all of the otherwise valuable work in trying legitimately fight crime is severely depreciated.

The issue boils down to a few factors and 'transparancy' is one of the most important of these.


Maybe, and maybe not.  It could be that Bitcoin has actually been surprisingly unmolested so far in part because there are so many mice who seem to have almost a compulsion to stick their heads into the mousetrap.  As they rapidly exit the ecosystem, that utility might vanish.

I'm sure he will barter his way out! He will prob just release names and pay his way through the case

I like to play devils advocate but that seems a little extreme. BFL and TradeFortress scammer would be nice but TBF and the admin of the main forum would probably hurt Bitcoin a little. You do understand that TBF members are most of the businesses that make Bitcoin what it is today, right?

Hopefully Theymos, BFL, TradeFortress, and the members of the Foundation who are involved with them will be next.

The two main sources of my income back in the day, along with being a poker whore chasing deposit bonuses on the various other sites. After its demise, I had to get my hands dirty once again to earn a living, eventually getting back into moving barn wood, of which I truly love, but now conflicts with Bitcoin while back online. I used to live at Sam's Town in Tunica. virtually free with all the food I could eat, for two whole years while playing and propping poker, but tired of that grind on the felt.

Apologies for the aside.

~TMIBTCITW

I'm with you, Mike.  The evidence that they claim to have indicates that Charlie knew what he was doing and allowed his own personal pro-drug bias to influence his business decisions. 

That's so 2011.  Preet has been there and done that.  Google FullTiltPoker and Pokerstars.

I would like to nominate Charlie for the ambassador of Bitcoin when get gets out.

They said scam. What is the scam? See Charlie is a businessman first probably saw this as a great opportunity and now it bite him in the ass.

I feeling this will just make him hungrier when he gets out.

Did they say they got is bitcoins I doubt they did, I pretty sure he had high security.

STAY STRONG CHARLIE

The only problem with youth is the arrogance of invincibility. Old and young alike can be intelligent, well educated and experienced in their field of study. Age brings wisdom only because you begin to understand your limitations and that their may be someone out there in the ether that knows more than you do.

I don't think so.

It's easy to misunderstand what happened with HSBC.

The majority of what HSBC was accused of was about not doing enough to detect and block Mexican drug cartels laundering money. Note "not doing enough".

Shrem is accused of something entirely different - not just doing an insufficient amount of work, but knowingly co-operating with someone he knew was a Silk Road dealer explicitly to help him launder money. It's the "knowingly" part that makes the huge difference.

The US DoJ did not seem to have large piles of emails from the head of compliance at HSBC showing him buying drugs and helping known dealers to evade his own controls. With BitInstant they do.

It's really no wonder Bitcoin businesses can't get bank accounts, when guys like Shrem were putting on a respectable face and doing that kind of thing behind the scenes. Silk Road and those involved with it are by far the most damaging thing that could ever have happened to Bitcoin, especially so early on.

Nice tutu, Phinn.