Wire: Associated Press (APW) Date: Jan 27 2014 11:41:21
2 Men Charged in NY 'Silk Road' Drug Prosecution
New York (AP) -- Federal prosecutors say two men are
charged in New York with conspiring to commit money laundering
by selling over $1 million in bitcoins to users of the black
market website Silk Road that let users buy illegal drugs
anonymously.
Authorities say Charlie Shrem was arrested Sunday at
Kennedy International Airport in New York while Robert Faiella
was arrested Monday at his Cape Coral, Fla., residence.
Prosecutors say in a release that Faiella sold bitcoins to
users seeking to buy illegal drugs on the site through a
Manhattan office.
They say Shrem personally bought drugs on Silk Road and
helped Faiella exchange more than $1 million in cash for
bitcoins so they could make illegal purchases.
It wasn't immediately clear who would represent Faiella and
Shrem in court.
-0- Jan/27/2014 16:41 GMT
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