Bitcoin Exchange CEO Charlie Shrem Arrested On Money Laundering Charge 330
An anonymous reader writes "Charlie Shrem, the chief executive officer of bitcoin exchange BitInstant, has been arrested and charged with money laundering. 'In the federal criminal complaint, the Southern District of New York charges Shrem, the 24-year-old CEO of BitInstant, with three counts, including one count operating an unlicensed money transmitting business, one count of money laundering conspiracy and one count willful failure to file suspicious activity report. Robert Faiella, a Silk Road user who operated under the name “BTCKing,” was charged with one count of operating an unlicensed money transmitting business and one count money laundering conspiracy.'"
Re:HSBC (Score:3, Funny)
No no no...as long as they strictly follow the "rules" they can do anything else that isn't specified without fear of recourse. There are some benefits to having a laundry list of stupid rules and regulations...you can easily play dumb about anything else. /sarcasm
Re:I was wondering when that would happen (Score:2, Funny)
Unless people want to turn bitcoins into actual money, of course.
Charlie Sheen arrested?! (Score:2, Funny)
WINNI...
Nevermind.
Re:BUTCOIN !! MONEY LAUNDERING ?? DUH !! (Score:2, Funny)
Should have had Charlie Sheen as CEO. The business would've been running on tiger's blood!
Re:And so it begins... (Score:5, Funny)
If they treat him the same as HSBC, he'll be OK. Slap a minor fine on him (5 weeks-worth of profit [globalpost.com]) and the government take their cut of the proceedings.
Now, the government wouldn't treat individuals charged with wrongdoing differently to multi-million/billion dollar businesses, would they?
Re:I was wondering when that would happen (Score:4, Funny)