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Author Topic: [2015-08-12] US Arms Dealer Allegedly Used Bitcoin for Purchases  (Read 533 times)
klarki
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August 12, 2015, 09:22:03 PM
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A Michigan man has been indicted for allegedly using bitcoin to buy and sell illegal gun components on the dark web.

Benjamin James Cance, from Plainwell, is facing charges for shipping illegal arms, possession of an unregistered machine gun and money laundering.

Cance appeared before Magistrate Judge Phillip J Green yesterday and pleaded not guilty. He has since been released on bond and is awaiting trial, although no official date has been set.

International arms shipment is punishable by up to 20 years in prison, whereas the maximum penalty for money laundering and possession of a machine gun carries a 10-year prison sentence, statements from the Department of Justice indicated.

The investigation of the case is being carried out by the Department of Homeland Security, Immigration and Customs Enforcement, the Internal Revenue Service, the US Postal Inspection Service and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Read: http://www.coindesk.com/us-arms-trader-allegedly-used-bitcoin-for-purchases/

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August 13, 2015, 08:54:30 AM
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Is this applicable to gun collectors too? We watch these television series and you see loads of gun owners wielding machine guns everywhere. It must be different for many States in the USA.

Most probably he did this without the proper licensing procedures and now they highlight the Bitcoin side of this. Bitcoin cannot stop criminals from being criminals... most guns are bought with fiat anyway, so

it's not a big deal, if one machine gun is bought with Bitcoin. It looks like the whole government resources are used to prosecute this guy... Another BurtW?  Roll Eyes

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August 13, 2015, 10:10:39 AM
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For every 1 person who uses bitcoin to buy or sell arms there's probably thousands of others who just use fiat. Do BA Systems or Lockheed Martin accept bitcoin yet or is it still just cash?  Grin
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August 13, 2015, 12:10:09 PM
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For every 1 person who uses bitcoin to buy or sell arms there's probably thousands of others who just use fiat. Do BA Systems or Lockheed Martin accept bitcoin yet or is it still just cash?  Grin

exactly, but from my point of view they are just trying to bring bad feeling to the bitcoin with all those news.

The good part from it, is that they will not win Wink
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August 13, 2015, 12:19:48 PM
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Is this applicable to gun collectors too? We watch these television series and you see loads of gun owners wielding machine guns everywhere. It must be different for many States in the USA.

Most probably he did this without the proper licensing procedures and now they highlight the Bitcoin side of this. Bitcoin cannot stop criminals from being criminals... most guns are bought with fiat anyway, so

it's not a big deal, if one machine gun is bought with Bitcoin. It looks like the whole government resources are used to prosecute this guy... Another BurtW?  Roll Eyes

Oh he is in deep s#!+. It has nothing to do with bitcoin, the penalties for possession of a class 3 firearm are severe.  Most people could get a machine gun but you would have to pass a super background check, pay hundreds of dollars, and must have a completely clean record. You must also submit to all sorts of strict rules. For example, you must allow the police to inspect your weapons at any time day or night. There is a fiction that in America street thugs have machine guns. It is not true, very few people have a full auto firearm.


 

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