U.S. takes pastor, software developer to trial over bitcoin exchange

[Kemarit]

A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday.

Link: http://www.reuters.com/article/us-cyber-jpmorgan-idUSKBN15U2X1

Well I saw a lot of threads going on about using bitcoin on illegal means.
So this is one example, however, like I said you can't get away with it.
The full hands of the law will coming over you if you use it on illegal means.

[thepo1m]

A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday.

Link: http://www.reuters.com/article/us-cyber-jpmorgan-idUSKBN15U2X1

Well I saw a lot of threads going on about using bitcoin on illegal means.
So this is one example, however, like I said you can't get away with it.
The full hands of the law will coming over you if you use it on illegal means.

You know for anyone caught doing illegal thing more than 1000 people are out there  uncaught doing almost commiting thesame offence. Whether with BTC or not people will always do illegal activities

[Bitcoins09]

High Probability ! 

[LEEMEEGO]

A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday.

Link: http://www.reuters.com/article/us-cyber-jpmorgan-idUSKBN15U2X1

Well I saw a lot of threads going on about using bitcoin on illegal means.
So this is one example, however, like I said you can't get away with it.
The full hands of the law will coming over you if you use it on illegal means.

this just implies that even if bitcoin is being used on illegal means, as long as the local authorities are doing their best to trace or capture who are responsible then no one can really get a way with it whether its on bitcoin or a normal currency.. unfortunately, some are just to good to slip away especailly if they have this huge people backing this up..

[Xester]

A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday.

Link: http://www.reuters.com/article/us-cyber-jpmorgan-idUSKBN15U2X1

Well I saw a lot of threads going on about using bitcoin on illegal means.
So this is one example, however, like I said you can't get away with it.
The full hands of the law will coming over you if you use it on illegal means.

Justice has its own ways of catching the culprit. Whatever currency you use it may be fiat currency of cryptocurrency as long as it is illegal the law will surely catch you. They say that it is much safer to do illegal transactions using bitcoin but they dont know that the government itself has upgraded its monitoring system that covers even cryptocurrency. 

[davis196]

A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday.

Link: http://www.reuters.com/article/us-cyber-jpmorgan-idUSKBN15U2X1

Well I saw a lot of threads going on about using bitcoin on illegal means.
So this is one example, however, like I said you can't get away with it.
The full hands of the law will coming over you if you use it on illegal means.

Justice has its own ways of catching the culprit. Whatever currency you use it may be fiat currency of cryptocurrency as long as it is illegal the law will surely catch you. They say that it is much safer to do illegal transactions using bitcoin but they dont know that the government itself has upgraded its monitoring system that covers even cryptocurrency. 

If the goverment has upgraded it`s monitoring system to cover cryptocurrencies,this means that bitcoin is no longer "anonymous" and one of the biggest btc advantages is gone.
Anyway,this might help for catching the criminals who use bitcoins and give btc a bad reputation.

[Mometaskers]

Yes, that's the downside. Most people who would probably not like the government sticking its nose in their wallets would still probably agree that it's right that those criminals got caught. Seems that's the price of having the gov't do surveillance on your behalf. Good riddance to those 2 BTW, 2 less criminals operating in bitcoins.