US Makes Bitcoin Exchange Arrests!.........Here We Go Then! - page 2.

LostDutchman

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Activity: 476

Merit: 250

Quote from: Bobsurplus on January 27, 2014, 01:13:54 PM

Quote from: LostDutchman on January 27, 2014, 01:12:38 PM

I suspect there is more going on here than we know at this point because obtaining and selling BTC is legal. Has to be some chicanery involved someplace in the thing.

My $.02.

Wink

Its obvious you did not read the article..

they were conspiring to sell bitcoins to criminals off the books... that is 100% illegal

Wrongo, boyo!

The article mentions nothing about "selling off the books", even though that is but one of many things they could have been doing. Just because they were going to sell on Silk Road does not mean that the transactions were "off the books". Besides, not everyone using Silk Road was a criminal!

I suggest that YOU re-read the article as published above!

My $.02.

Wink

banaltcoin

newbie

Activity: 56

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Now its the time for USA agents to revenge,

All Bitcoin Business is in fact less/more relating to SilkRoad, SilkRoad makes Bitcoin's sucess today

It's just about the timing to investigate this fact and get a reason to destroy Bitcoin, then arrest Mtgox/TradeHill/Bitinstant etc..

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: LostDutchman on January 27, 2014, 01:12:38 PM

I suspect there is more going on here than we know at this point because obtaining and selling BTC is legal. Has to be some chicanery involved someplace in the thing.

My $.02.

Wink

Its obvious you did not read the article..

they were conspiring to sell bitcoins to criminals off the books... that is 100% illegal

LostDutchman

sr. member

Activity: 476

Merit: 250

I suspect there is more going on here than we know at this point because obtaining and selling BTC is legal. Has to be some chicanery involved someplace in the thing.

My $.02.

Wink

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Quote from: whtchocla7e on January 27, 2014, 01:02:21 PM

Vice chairman of the Bitcoin Foundation involved in money laundering?? lol

Not good~!==!

whtchocla7e

full member

Activity: 392

Merit: 116

Worlds Simplest Cryptocurrency Wallet

Vice chairman of the Bitcoin Foundation involved in money laundering?? lol

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Analyticse on January 27, 2014, 12:56:20 PM

this tragedy how about democraty kadafi bomb city how people slep is scary how true situation combination about libertyrezerve auhtor arest etc value in our bitcoin web masters/dev etc....
dramatic situation Cry

i am think some wrong not be make for planet world if 1 guy in usa amerika not pay tex or some eror Huh

if this true
very said news today
make hands down
and drop in window video cards and computer for mining procedure stop i am confused today Roll Eyes

to much people invest and get a lot loans for make be in biz
also some merchants get btc for future btc/ltc ebay/amazon etc......
i am hope be normal this situation

Before the haters come here and bash you because of your English, let me thank you for your post!

I got your points and you are correct!

Thank you for your well thought out reply!

My $.02.

Analyticse

newbie

Activity: 28

Merit: 0

this tragedy how about democraty kadafi bomb city how people slep is scary how true situation combination about libertyrezerve auhtor arest etc value in our bitcoin web masters/dev etc....
dramatic situation Cry

i am think some wrong not be make for planet world if 1 guy in usa amerika not pay tex or some eror Huh

if this true
very said news today
make hands down
and drop in window video cards and computer for mining procedure stop i am confused today Roll Eyes

to much people invest and get a lot loans for make be in biz
also some merchants get btc for future btc/ltc ebay/amazon etc......
i am hope be normal this situation

LostDutchman

sr. member

Activity: 476

Merit: 250

http://www.bbc.co.uk/news/technology-25919482

US Makes Bitcoin Exchange Arrests!

"The operators of two exchanges for the virtual currency Bitcoin have been arrested in the US.

The Department of Justice said Robert Faiella, known as BTCKing, and Charlie Shrem from BitInstant.com have both been charged with money laundering.

The authorities said the pair were engaged in a scheme to sell more than $1m (£603,000) in bitcoins to users of online drug marketplace the Silk Road.

The site was shut down last year and its alleged owner was arrested.

Mr Shrem was arrested on Sunday at New York's JFK airport. He was expected to appear in court on Monday, prosecutors said.

Mr Faiella was arrested on Monday at his home in Cape Coral, Florida.

Mr Shrem is a founding member and the current vice chairman of the Bitcoin Foundation, a trade group set up to promote Bitcoin as an alternative currency.

Last year, Mr Shrem set up a bar in New York that accepted bitcoins.

BitInstant is one of the largest Bitcoin exchanges on the internet. At the time of publication, the service was inaccessible.

Bitcoin exchanges are services that allow users to trade bitcoins for traditional currencies."

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