here is the full indictment
http://www.justice.gov/usao/nys/pressreleases/January14/SchremFaiellaChargesPR.php
CEO of BitInstant and BTCKing indicted in New York on money laundering charges for supplying coins to Silk Road users
here is the full indictment
http://www.justice.gov/usao/nys/pressreleases/January14/SchremFaiellaChargesPR.php
[6 Points] Gabralkhan:
[5 Points] None:
The actual complaint is linked at the bottom.
[3 Points] InfinitelyOutThere:
hahaha wow. So the long awaited return of BitInstant is this? makes me laugh, I really did like their service when it worked correctly. This is fucked up, and will define the course of BTC sales in the future. Interesting and ominous news.
[5 Points] None:
[deleted]
[4 Points] PrettyWhenBound:
Bitcoin itself is not illegal, so going through the process of buying them this is way would be to ensure your ability to remain anonymous? Or is the entire problem based on selling them or "cashing out" that equates to laundering?
If I wanted to buy Bitcoins to use through a market on Tor, would the tutorials linked to here be sufficient?
[3 Points] sharpshooter789:
I saw something in a post made by /u/gwern. It was the post about a vendor sending ricin to the president. In that document he posted, it briefly mentioned bitinstant and how one of the companies handling transactions for them was being charged with money laundering. I guess the CEO was in on it the whole time.
edit: I guess bitinstant will not be returning after all.
[4 Points] None:
I feel like this could lead to bad news for us. BTC sellers are probably going to get a lot more strict...
[3 Points] None:
The price seems to have dropped a bit from this. Thanks, America.
[2 Points] None:
I guess that bullshit about bitinstant coming back is fuct but now there are better ways to get coins
Thx for the update, i missed that i must say.
And Again it is related to the sulfurous US Attorney Preet Bharara of the Southern Disctrict of New York.
It seems that LE Agencies have found a heavy legal support in him for all cases related to Bitcoin and SilkRoad to help to achieve the prosecutions.