[2014-09-02] Yeshiva Of Flatbush Grad To Plead Guilty To Bitcoin Illegal Money T

[austins]

http://failedmessiah.typepad.com/failed_messiahcom/2014/09/yeshiva-of-flatbush-grad-to-plead-guilty-to-bitcoin-illegal-money-transfers-234.html

Shrem allegedly used his company, BitInstant, to convert dollars into Bitcoins for users of Silk Road, the now-defunct online site that trafficked in a wide variety of narcotics and drug paraphernalia. A new version of Silk Road has reportedly been launched, however, and it sells many of the same illegal drugs and paraphernalia the first Silk Road site did.