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Author Topic: Florida men arrested for trading bitcoins!!!!  (Read 5939 times)
Lethn
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February 08, 2014, 12:40:35 PM
 #21

Another case of someone breaking the law,  and giving bitcoin a bad name as a result.  This gets in the news cause it has to do with bitcion,  but really it's a story of someone willingly and knowingly breaking the law.  If it was done with dollars and euro's it wouldn't be in the news. Add bitcoin to the mix and it's in the news  Undecided

It's the classic "All Bitcoin users are terrorists and criminals" attitude really, however hard the media tries though the hysteria over Bitcoin is going to die down the more people learn about it by themselves.
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February 08, 2014, 12:45:30 PM
 #22

Another misleading title , people really need to spread FUD all day?
They we're arrested fro trading bitcoins for stolen credit cards.

Bring up this title when two people  will get arrested for trading a teddy bear (not live one , plush , and not stolen , and not full of drugs) for bitcoins.

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seriouscoin
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February 08, 2014, 01:15:44 PM
 #23

Another misleading title , people really need to spread FUD all day?
They we're arrested fro trading bitcoins for stolen credit cards.

Bring up this title when two people  will get arrested for trading a teddy bear (not live one , plush , and not stolen , and not full of drugs) for bitcoins.

Can you fcking read mate?

Also whats you're writing up there?
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February 08, 2014, 01:52:59 PM
 #24

Another misleading title , people really need to spread FUD all day?
They we're arrested fro trading bitcoins for stolen credit cards.

Bring up this title when two people  will get arrested for trading a teddy bear (not live one , plush , and not stolen , and not full of drugs) for bitcoins.

Can you fcking read mate?

Also whats you're writing up there?


Start of the article :
"State authorities in Florida on Thursday announced criminal charges targeting three men who allegedly ran illegal businesses moving large amounts of cash in and out of the Bitcoin virtual currency."

I misread the part about the cc , skipped over the fact that the agent was the one telling about the cc.

Anyhow :

" Espinoza is charged with felony violations of Florida’s law against unlicensed money transmitters – which prohibits “currency or payment instruments exceeding $300 but less than $20,000 in any 12-month period” — and Florida’s anti-money laundering statutes, which prohibit the trade or business in currency of more than $10,000."

No bitcoin mentioned there. The problem lies with the amount of usd not bitcoin.

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  SELL
ACCEPT
   ███████████████████████████
  .CRYPTOCURRENCY..
███████████████████████████
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yatsey87
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February 08, 2014, 02:05:07 PM
 #25

Another misleading title , people really need to spread FUD all day?
They we're arrested fro trading bitcoins for stolen credit cards.

Bring up this title when two people  will get arrested for trading a teddy bear (not live one , plush , and not stolen , and not full of drugs) for bitcoins.

I'm not sure if that's what happened but rather the people they sold the coins to were using them or wanted to use them for this.
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February 08, 2014, 03:59:54 PM
 #26

People need to understand that the government is not prosecuting BITCOIN use but illegal activity that just happens to be using Bitcoin.  Unfortunately bitcoin is under an intense spotlight so of course we'll see more of these type of actions.


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February 08, 2014, 04:01:19 PM
 #27

Sounds like textbook entrapment...not that that matters to the USA Police State.
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February 08, 2014, 04:09:04 PM
 #28

Sounds like textbook entrapment...not that that matters to the USA Police State.

How could that be entrapment.  These guys were advertising on a public website to buy and sell bitcoins. Nothing illegal about that.  However if these guys would have said, wait, if you want to buy $30K i have to take your name and dob and ss# and address and telephone and I have to file a Currency Transaction Report with FinCEN, then there would have been no problem.  

Instead Law Enforcement threw in the fact that they were involved with illicit activity to show that these guys had no interest in obeying any existing law.

Pretty simple.

I'm not condoning or condemning the behavior.    I'm just stating facts.


 
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February 08, 2014, 04:13:50 PM
 #29

Sounds like textbook entrapment...not that that matters to the USA Police State.

How could that be entrapment. ...


It could be entrapment if the seller felt that by professing to criminal activity the buyer was attempting to intimidate him.

At least it seems that way to me, but I don't hold a JD...


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February 08, 2014, 04:18:20 PM
 #30

Yea, we are all armchair lawyers!

What we need is a case in court to start setting some precedents.

The DPR case goes to trial in November.  Now that will be interesting.

I'd love to know what is going on with the BTCST case in Texas.  That may also set precedents.

Then The Shrem Case in New York.  He may plea and give up others, or go to trial and fight it.  He's young and got a life ahead of him, so it would make no sense to fight it as he would face 20 years in prison.  With a plea he may see at a fine a probation, but potentially no jail time. So I would not expect a trial in this case.

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February 08, 2014, 04:20:29 PM
 #31

Faiella on the other hand is probably going to serve some time.
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February 08, 2014, 04:23:56 PM
 #32



What's being left out is the fact the the under cover officer made it clear that he was exchanging Bitcoins to engage in a criminal activity.


~BCX~

Yeah, because the police would never make false statements, plant evidence, invent probable cause, or lie to the media in pursuit of a headline-grabbing sting operation with no element of public service to it.

Yeah, because random people would never try to form conspiracy theories out of thin air... Oh, wait...

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February 08, 2014, 04:25:08 PM
 #33

Yeah i have actually met with the guy before and bought Bitcoins, never thought he was doing anything illegal ...

Some people are so poor ALL they have is money
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February 08, 2014, 04:27:40 PM
 #34

Yea, we are all armchair lawyers!

What we need is a case in court to start setting some precedents.

The DPR case goes to trial in November.  Now that will be interesting.

What? That's ages away. What happens to people who get thrown in jail while they await trail and get found not guilty? Can they sue or get compensation etc?
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February 08, 2014, 04:28:38 PM
 #35

Just because the undercover said " I want to use the BTCitcoins to purchase stolen credit cards" the seller of the BTCitcoin did not care and still sold the coins. we need more details, I met with the guy and also live in Florida but there are SOO MANY people down here selling BTCitcoin locally for cash, nearly the same volume they sold them for, if not more so not sure how they were yanked compared to everyone else still out there trading. They are basically calling it a currency but yet its a commodity?

Some people are so poor ALL they have is money
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February 08, 2014, 04:33:07 PM
 #36

Yea, we are all armchair lawyers!

What we need is a case in court to start setting some precedents.

The DPR case goes to trial in November.  Now that will be interesting.

What? That's ages away. What happens to people who get thrown in jail while they await trail and get found not guilty? Can they sue or get compensation etc?

They may get "time served" and released.

I believe that happened to Doug Jackson in the e-gold case and they guys arrested in the Liberty Dollar case.  
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February 08, 2014, 04:34:51 PM
 #37

Just because the undercover said " I want to use the BTCitcoins to purchase stolen credit cards" the seller of the BTCitcoin did not care and still sold the coins.

Makes them complicit in the illegal activity of "money laundering."
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February 08, 2014, 04:37:45 PM
 #38

Sounds like textbook entrapment...
How could that be entrapment.

'textbook entrapment' - been reading a lot of textbooks lately?  lol.  Most people have no idea what 'entrapment' means legally.  When the police 'trap' people, that is not entrapment - that is their job.  'Trapping' people is OK.  Unfortunately, most people think that when a cop traps you, it is not fair under the legal principle 'entrapment'.  In reality, these have almost nothing to do with each other.
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February 08, 2014, 04:43:55 PM
 #39

ouch... ive heard that bitcoins are gonna get banned here in australia too.... i guess its bad news for me who is just starting out !!

if they cant control it they dont want people having it!
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February 08, 2014, 04:46:13 PM
 #40

Sounds like textbook entrapment...
How could that be entrapment.

'textbook entrapment' - been reading a lot of textbooks lately?  lol.  Most people have no idea what 'entrapment' means legally.  When the police 'trap' people, that is not entrapment - that is their job.  'Trapping' people is OK.  Unfortunately, most people think that when a cop traps you, it is not fair under the legal principle 'entrapment'.  In reality, these have almost nothing to do with each other.

If the police put you in a situation where you feel that you must break the law in order to protect your own physical safety, would that be 'entrapment'?


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