“Bitcoin exchangers Robert Faiella, known as BTCKing in the Bitcoin community, and Charlie Shrem, CEO of Bitcoin exchange company BitInstant, were charged on Monday as part of a multi-agency crackdown led by the US Attorney’s office, the Drug Enforcement Administration, and the Internal Revenue Service. According to the agencies, the men engaged in a scheme to sell over $1 million in bitcoins for use on the recently shuttered underground drug e-commerce service Silk Road. Shrem is also changed with failing to report suspicious activity in violation of the Bank Secrecy Act. Shrem was arrested on Sunday at John F. Kennedy Airport in New York.”
http://news.cnet.com/8301-1023_3-57617862-93/bitinstant-ceo-arrested-for-alleged-money-laundering/
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