CEO of Bitcoin Exchange Arrested For Alleged Involvement in $1M Drug Scheme


The CEO of a bitcoin exchange has been arrested on charges of selling bitcoins to be used to buy and sell illegal drugs anonymously.

Charlie Shrem, the 24-year-old CEO of BitInstant, along with Robert M. Faiella, a 52-year-old bitcoin broker and user of Silk Road, were both arrested according to a federal criminal complaint from the Southern District of New York.

According to the complaint, both men are accused of participating in a scheme to sell more than $1 million in Bitcoins to users of “Silk Road,” the underground website that allowed people to anonymously buy and sell illegal drugs.

CEO of Bitcoin Exchange Arrested For Alleged Involvement in $1M Drug Scheme | TheBlaze.com.

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Rocktographer(Live Music Photographer), Motorsports & Beach Sports Photographer, based in Las Vegas & the Beach Cities in California; Website Developer, Food & Drink Photographer, Enthusiast and Critic with No-Sugar-Coating Reviews, Sports Handicapper, etc. No longer on Facebook, due to being discriminated against for using Fake Names, unlike the 'Drag Queens' of the GLBT Community that are allowed to do so. I urge everyone that reads this to leave Facebook for easier use at ( http://www.TSU.co/SinCityExaminer ) & ( https://plus.google.com/+KevinSinCityExaminer )

Posted on February 10, 2014, in Uncategorized and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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