CEO OF BITCOIN EXCHANGE ARRESTED

[Phinnaeus Gage]

...along with a co-conspirator...

You're not goin' to believe who the co-conspirator is. I know!

Is it pirateat40? Please tell me it is pirateat40!

Did I say the c-c was male? <hint>

I was wrong! I was thinking it was his lady friend.

http://www.marketwatch.com/story/ceo-of-winklevoss-backed-bitcoin-company-arrested-2014-01-27?link=MW_latest_news

[TeseracT]

FIAT money is getting used for illegal traffics.

THIS.

[darkmule]

I dont condone any of this but there's a double standard.  Not a single person at HSBC was arrested for laundering mexican drug cartel money.  Why is there this double standard?

Because the banksters own Congress.  It's completely fair and neutral treatment.  All you have to do to get the same treatment is buy a few Senators.  There are even pimps called lobbyists who can sell you a few.

[ddink7]

Governments and banks should be closed and owners arrested too.

FIAT money is getting used for illegal traffics.

FWIW, they aren't saying he's in trouble for using bitcoin. They are saying he's in trouble for KNOWINGLY facilitating those trades.

[pungopete468]

If you knowingly facilitate the commission of a crime you have to expect that you risk facing consequences as a result...

The key to this is that he allegedly knew that the coins were being used for illegal activities... It makes no difference if it's Bitcoins or Dollars, you can't knowingly break the law without risking your freedom.

It's no big surprise.

[turtoro]

This news is actually good.

IT seems this is just an extension of the SR investigation. And we all agree that SR was  detrimental to btc at this stage. This has nothing to do with the actual btc platform. In fact, in the statement released, there is more evidence that bitcoin as an entity will be left alone. :

"Truly innovative business models don't need to resort to old-fashioned law-breaking, and when Bitcoins, like any traditional currency, are laundered and used to fuel criminal activity, law enforcement has no choice but to act."

http://www.marketwatch.com/story/ceo-of-winklevoss-backed-bitcoin-company-arrested-2014-01-27?link=MW_latest_news

all in all, its a fascinating development, but in a blazay kind of way.

[Phinnaeus Gage]

If you knowingly facilitate the commission of a crime you have to expect that you risk facing consequences as a result...

The key to this is that he allegedly knew that the coins were being used for illegal activities... It makes no difference if it's Bitcoins or Dollars, you can't knowingly break the law without risking your freedom.

It's no big surprise.

http://webcache.googleusercontent.com/search?q=cache:7VA7On91CNsJ:antilop.cc/sr/vendors/16af931d32.htm+&cd=26&hl=en&ct=clnk&gl=us

**THE KING'S VIP CLUB**...Preferred Status, 9% fee on deposit of $1000 - $4000 [plus $5 deposit fee].........NO WAIT...NO LIMIT...NO FUSS.....

And don't think for one fuckin' minut they don't know who the King's VIPs are.

[BADecker]

If you knowingly facilitate the commission of a crime you have to expect that you risk facing consequences as a result...

The key to this is that he allegedly knew that the coins were being used for illegal activities... It makes no difference if it's Bitcoins or Dollars, you can't knowingly break the law without risking your freedom.

It's no big surprise.

That's why all the voters in America are criminals. They constantly vote for crime-lords in Government offices, who don't obey their Oath of Office to uphold the Constitution.

We're getting our freedom taken away as a result. Things like Bitcoin happen to be extending our freedoms a bit, and for a time.

[Minor Miner]

Why would the Winklevosses back a guy like Charlie Shrem?   A simple google search brings up articles that are very questionable and certainly disqualify him from ever being taken seriously as the leader of any business.   Love the one that states "I will never hire someone I have not gotten drunk or stoned with".  A little background check before writing a venture capital check?

[turtoro]

Why would the Winklevosses back a guy like Charlie Shrem?   A simple google search brings up articles that are very questionable and certainly disqualify him from ever being taken seriously as the leader of any business.   Love the one that states "I will never hire someone I have not gotten drunk or stoned with".  A little background check before writing a venture capital check?

yea, that is a weird one...

[franky1]

US government own DPR stash and now own the bitinstant/foundation hoard. i guess their working their way down the list or people with most bitcoins.

[btbrae]

US government own DPR stash and now own the bitinstant/foundation hoard. i guess their working their way down the list or people with most bitcoins.

Interesting theory but did Shrem have anything to do with the Foundation's Bitcoins?

[Fallen666]

So much for Bitcoin as money loundering tool. We are talking about a million which is almost nothing and you still get traced.

[hilariousandco]

US government own DPR stash and now own the bitinstant/foundation hoard. i guess their working their way down the list or people with most bitcoins.

I wonder if they've invested any time or resources trying to track down Satoshi?

[turtoro]

So much for Bitcoin as money loundering tool. We are talking about a million which is almost nothing and you still get traced.

the complaint filed referenced 1mill+

[QuestionAuthority]

Why would the Winklevosses back a guy like Charlie Shrem?   A simple google search brings up articles that are very questionable and certainly disqualify him from ever being taken seriously as the leader of any business.   Love the one that states "I will never hire someone I have not gotten drunk or stoned with".  A little background check before writing a venture capital check?

That's the best part. It just proves that the Winkleiidouches have about as much business acumen as a bowl of noodles. They got their money from suing someone with actual business savvy and determination. I hope they "invest" away their entire settlement. lol

[yatsey87]

US government own DPR stash and now own the bitinstant/foundation hoard. i guess their working their way down the list or people with most bitcoins.

I wonder if they've invested any time or resources trying to track down Satoshi?

Maybe the feds are satoshi lol. /conspiracy theory.

[spyro]

Yeah this is just down to silkroad though, so he was bound for this fait.

[QuestionAuthority]

I wonder if any of this is true?  http://www.vocativ.com/12-2013/night-bitcoin-millionaire-proud-stoner-charlie-shrem/

[Minor Miner]

Why would the Winklevosses back a guy like Charlie Shrem?   A simple google search brings up articles that are very questionable and certainly disqualify him from ever being taken seriously as the leader of any business.   Love the one that states "I will never hire someone I have not gotten drunk or stoned with".  A little background check before writing a venture capital check?

That's the best part. It just proves that the Winkleiidouches have about as much business acumen as a bowl of noodles. They got their money from suing someone with actual business savvy and determination. I hope they "invest" away their entire settlement. lol

http://www.vocativ.com/12-2013/night-bitcoin-millionaire-proud-stoner-charlie-shrem/
What kind of moron would think this is GOOD PR for bitcoin, the foundation, bitinstant or even EVR (his bar)?

Charlie appears to be the assistant prosecutor in the case against himself.
I wonder if Yifu is getting nervous about now.   Since he was posing in all those mags bragging about how smart and wealthy he is, I am sure he reported all those profits and paid the NYC 54% tax rate that the government deserves correct?