Florida Bitcoin Case Tests Money Laundering Limits

[windpath]

Florida Bitcoin Case Tests Money Laundering Limits

http://abcnews.go.com/US/wireStory/fla-bitcoin-case-tests-money-laundering-limits-23256088

undercover officers with the U.S. Secret Service and Miami Beach police told both clearly that they wanted to buy bitcoins with cash supposedly generated by the hacking of Target Corp. customer information. The undercover officers said during the secretly videotaped meetings that they planned to use the bitcoins to acquire still more stolen credit cards.

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[williamevanl]

I can't believe the community hasn't had more to say about this. Basically the cops set these guys up with a false back story to convict them of money laundering simply for selling bitcoins!

[GTO911]

whatever, bitcoin is the biggest ponzi in history with satoshi having instamined 10% of all of it

[Taras]

whatever, bitcoin is the biggest ponzi in history with satoshi having instamined 10% of all of it

He did not instamine. He premined about 450 BTC, and then released bitcoin. He kept a miner running to keep the network alive because otherwise bitcoin would have nobody to process transactions. Once the network could keep itself functional, he vanished, and none of his coins have ever moved, except about BTC32, which he sent when bitcoin was worth exactly $0 in 2009.