Silk Road Bad Boys Admit Guilt in Federal Court!

[MicroGuy]

https://www.youtube.com/watch?v=o0YxEGQtG9g

The top executive of a New York City-based Bitcoin company and a Florida Bitcoin exchanger have now pleaded guilty to enabling money to be funneled to the black market website Silk Road.

Charlie Shrem, of Manhattan, and Robert Faiella entered their pleas in federal court in Manhattan on Thursday. The case grew from the government’s shutdown of Silk Road. Shrem was chief executive officer of BitInstant, while Faiella operated an unlicensed money transferring business.

Shrem processed transactions for Faiella through BitInstant despite knowing the bitcoin would eventually find their way to Silk Road, where the funds would be used for drugs, Shrem said in court.

Full Story: http://altcoinpress.com/2014/09/charlie-shrem-pleads-guilty-in-federal-court/

[TheButterZone]

"despite knowing the bitcoin would eventually find their way to Silk Road"

Since Silk Road keeps rising again like a phoenix, that would be all bitcoin, and all bitcoin sellers (even if they sell on AML/KYC exchanges) would be "guilty" of that victimless crime, then.

[BTCgraphics]

that video was so weird, lol it made me uncomfortable

[MicroGuy]

that video was so weird, lol it made me uncomfortable

Sorry. I will try to make these more comfortable in the future. 

[cbeast]

America has more people in prison that the rest of the world combined.  Almost all of them admit their guilt because they plea bargain. That means that Americans are 20 times more likely to be criminals than any other nation.

[Ron~Popeil]

America has more people in prison that the rest of the world combined.  Almost all of them admit their guilt because they plea bargain. That means that Americans are 20 times more likely to be criminals than any other nation.

Part of the issue is the administrative law stuff. You can be charged with crimes that are not found anywhere in US code or a state code. Combine that with the drug issue and draconian sentencing guidelines and you can see where the issue comes from. We also quite frankly have a prosecutorial and police misconduct issue.