Florida men arrested for trading bitcoins!!!! - page 3.

Trance

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Quote from: seriouscoin on February 08, 2014, 12:54:12 PM

Quote from: BCB on February 08, 2014, 12:09:04 PM

Quote from: cryptoanarchist on February 08, 2014, 12:01:19 PM

Sounds like textbook entrapment...not that that matters to the USA Police State.

How could that be entrapment. These guys were advertising on a public website to buy and sell bitcoins. Nothing illegal about that. However if these guys would have said, wait, if you want to buy $30K i have to take your name and dob and ss# and address and telephone and I have to file a Currency Transaction Report with FinCEN, then there would have been no problem.

Instead Law Enforcement threw in the fact that they were involved with illicit activity to show that these guys had no interest in obeying any existing law.

Pretty simple.

I'm not condoning or condemning the behavior. I'm just stating facts.

The problem is.... you dont know the facts idiot.

First it already states by the police that buying/selling bitcoin can be felt into "money transmission type transactions " between $300-$20000 within 12 months period

Second, you dont know how the undercover agent express his "attempt to use bitcoin for criminal act". He could have made it sound like a joke. I would personal think its a joke if some stranger dude said "yo i'm buying stolen goods with this shit man". If thats not entrapment then i dont know what is

If they lawyer up they will get out of this one, we don't have enough details, perhaps the guy referred the agent to a black market website.

hilariousandco

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Quote from: CoinGP on February 08, 2014, 12:43:55 PM

ouch... ive heard that bitcoins are gonna get banned here in australia too.... i guess its bad news for me who is just starting out !!

if they cant control it they dont want people having it!

Don't listen to rumours. Wait for facts. A lot of FUD is being spread around and you're helping it if you don't wait for confirmations.

Trance

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Quote from: phinzphan on February 07, 2014, 06:59:46 PM

http://krebsonsecurity.com/2014/02/florida-targets-high-dollar-bitcoin-exchangers/

"According to court documents, the agent told Michelhack that he wanted to use the Bitcoins to purchase stolen credit cards online. After that trust-building transaction, Michelhack allegedly agreed to handle a much larger deal: Converting $30,000 in cash into Bitcoins."

there's the real story.

+1

Definitely sucks because now people MUST BE CAREFUL when selling Bitcoins if someone brings something up about illegal activities, you just need to say I dont want to know what you are doing with them or create a waiver to have customers sign!

When i worked for GNC, General Nutrition, we would have undercover GNC reps come in and ask what supplements I could sell them that would help them pass a drug test! It was horrible, they would try and entrap us so many times! Sometimes i felt bad because I really wanted to help the person that claimed they received "Second hand smoke" etc

Same concept but a bit different.

I make no sense.

seriouscoin

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Quote from: BCB on February 08, 2014, 12:09:04 PM

Quote from: cryptoanarchist on February 08, 2014, 12:01:19 PM

Sounds like textbook entrapment...not that that matters to the USA Police State.

How could that be entrapment. These guys were advertising on a public website to buy and sell bitcoins. Nothing illegal about that. However if these guys would have said, wait, if you want to buy $30K i have to take your name and dob and ss# and address and telephone and I have to file a Currency Transaction Report with FinCEN, then there would have been no problem.

Instead Law Enforcement threw in the fact that they were involved with illicit activity to show that these guys had no interest in obeying any existing law.

Pretty simple.

I'm not condoning or condemning the behavior. I'm just stating facts.

The problem is.... you dont know the facts idiot.

First it already states by the police that buying/selling bitcoin can be felt into "money transmission type transactions " between $300-$20000 within 12 months period

Second, you dont know how the undercover agent express his "attempt to use bitcoin for criminal act". He could have made it sound like a joke. I would personal think its a joke if some stranger dude said "yo i'm buying stolen goods with this shit man". If thats not entrapment then i dont know what is

tvbcof

legendary

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Quote from: TKeenan on February 08, 2014, 12:37:45 PM

Quote from: BCB on February 08, 2014, 12:09:04 PM

Quote from: cryptoanarchist on February 08, 2014, 12:01:19 PM

Sounds like textbook entrapment...

How could that be entrapment.

'textbook entrapment' - been reading a lot of textbooks lately? lol. Most people have no idea what 'entrapment' means legally. When the police 'trap' people, that is not entrapment - that is their job. 'Trapping' people is OK. Unfortunately, most people think that when a cop traps you, it is not fair under the legal principle 'entrapment'. In reality, these have almost nothing to do with each other.

If the police put you in a situation where you feel that you must break the law in order to protect your own physical safety, would that be 'entrapment'?

CoinGP

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ouch... ive heard that bitcoins are gonna get banned here in australia too.... i guess its bad news for me who is just starting out !!

if they cant control it they dont want people having it!

TKeenan

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Quote from: BCB on February 08, 2014, 12:09:04 PM

Quote from: cryptoanarchist on February 08, 2014, 12:01:19 PM

Sounds like textbook entrapment...

How could that be entrapment.

'textbook entrapment' - been reading a lot of textbooks lately? lol. Most people have no idea what 'entrapment' means legally. When the police 'trap' people, that is not entrapment - that is their job. 'Trapping' people is OK. Unfortunately, most people think that when a cop traps you, it is not fair under the legal principle 'entrapment'. In reality, these have almost nothing to do with each other.

BCB

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BCJ

Quote from: Trance on February 08, 2014, 12:28:38 PM

Just because the undercover said " I want to use the BTCitcoins to purchase stolen credit cards" the seller of the BTCitcoin did not care and still sold the coins.

Makes them complicit in the illegal activity of "money laundering."

BCB

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BCJ

Quote from: yatsey87 on February 08, 2014, 12:27:40 PM

Quote from: BCB on February 08, 2014, 12:18:20 PM

Yea, we are all armchair lawyers!

What we need is a case in court to start setting some precedents.

The DPR case goes to trial in November. Now that will be interesting.

What? That's ages away. What happens to people who get thrown in jail while they await trail and get found not guilty? Can they sue or get compensation etc?

They may get "time served" and released.

I believe that happened to Doug Jackson in the e-gold case and they guys arrested in the Liberty Dollar case.

Trance

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Just because the undercover said " I want to use the BTCitcoins to purchase stolen credit cards" the seller of the BTCitcoin did not care and still sold the coins. we need more details, I met with the guy and also live in Florida but there are SOO MANY people down here selling BTCitcoin locally for cash, nearly the same volume they sold them for, if not more so not sure how they were yanked compared to everyone else still out there trading. They are basically calling it a currency but yet its a commodity?

yatsey87

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Quote from: BCB on February 08, 2014, 12:18:20 PM

Yea, we are all armchair lawyers!

What we need is a case in court to start setting some precedents.

The DPR case goes to trial in November. Now that will be interesting.

What? That's ages away. What happens to people who get thrown in jail while they await trail and get found not guilty? Can they sue or get compensation etc?

Trance

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Yeah i have actually met with the guy before and bought Bitcoins, never thought he was doing anything illegal ...

VforVictory

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V for Victory or Rather JustV8

Quote from: sirhashalot on February 07, 2014, 08:38:18 PM

Quote from: ?? on ??

What's being left out is the fact the the under cover officer made it clear that he was exchanging Bitcoins to engage in a criminal activity.

~BCX~

Yeah, because the police would never make false statements, plant evidence, invent probable cause, or lie to the media in pursuit of a headline-grabbing sting operation with no element of public service to it.

Yeah, because random people would never try to form conspiracy theories out of thin air... Oh, wait...

BCB

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BCJ

Faiella on the other hand is probably going to serve some time.

BCB

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BCJ

Yea, we are all armchair lawyers!

What we need is a case in court to start setting some precedents.

The DPR case goes to trial in November. Now that will be interesting.

I'd love to know what is going on with the BTCST case in Texas. That may also set precedents.

Then The Shrem Case in New York. He may plea and give up others, or go to trial and fight it. He's young and got a life ahead of him, so it would make no sense to fight it as he would face 20 years in prison. With a plea he may see at a fine a probation, but potentially no jail time. So I would not expect a trial in this case.

tvbcof

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Quote from: BCB on February 08, 2014, 12:09:04 PM

Quote from: cryptoanarchist on February 08, 2014, 12:01:19 PM

Sounds like textbook entrapment...not that that matters to the USA Police State.

How could that be entrapment. ...

It could be entrapment if the seller felt that by professing to criminal activity the buyer was attempting to intimidate him.

At least it seems that way to me, but I don't hold a JD...

BCB

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BCJ

Quote from: cryptoanarchist on February 08, 2014, 12:01:19 PM

Sounds like textbook entrapment...not that that matters to the USA Police State.

How could that be entrapment. These guys were advertising on a public website to buy and sell bitcoins. Nothing illegal about that. However if these guys would have said, wait, if you want to buy $30K i have to take your name and dob and ss# and address and telephone and I have to file a Currency Transaction Report with FinCEN, then there would have been no problem.

Instead Law Enforcement threw in the fact that they were involved with illicit activity to show that these guys had no interest in obeying any existing law.

Pretty simple.

I'm not condoning or condemning the behavior. I'm just stating facts.

cryptoanarchist

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Sounds like textbook entrapment...not that that matters to the USA Police State.

BCB

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BCJ

People need to understand that the government is not prosecuting BITCOIN use but illegal activity that just happens to be using Bitcoin. Unfortunately bitcoin is under an intense spotlight so of course we'll see more of these type of actions.

yatsey87

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Quote from: stompix on February 08, 2014, 08:45:30 AM

Another misleading title , people really need to spread FUD all day?
~~They we're arrested fro trading bitcoins for stolen credit cards.~~

Bring up this title when two people will get arrested for trading a teddy bear (not live one , plush , and not stolen , and not full of drugs) for bitcoins.

I'm not sure if that's what happened but rather the people they sold the coins to were using them or wanted to use them for this.

Topic: Florida men arrested for trading bitcoins!!!! - page 3. (Read 6137 times)