Tricky & Tipsy Friend

Bitcoin virtual currency which has now also been started bustling trade in Indonesia is very phenomenal. More recently, the CEO of one of the stock exchange bitcoin, Charlie Shrem secured authorities for alleged money laundering case with other colleagues who knew online.

As quoted by CNN Money , on Tuesday ( 28/01/2014 ) , U.S. government agencies ( U.S. ) captures Charlie Shrem BitInstant CEO on money laundering charges for his help against the sale and purchase transactions drugs online at Silk Road .

The U.S. Attorney in the Southern District of New York said Shrem have helped someone who had never met in person , Robert Faiella , to sell more than U.S. $ 1 million bitcoin to consumers Silk Road . Faiella , 52 -year -old man from Florida, was thought to be the player who uses the pseudonym bitcoin BTCKing in every transaction .

Shrem was arrested at the airport John F. Kennedy International on Sunday ( 01/26/2014 ) local time . While Faiella successfully arrested at his home in Cape Coral , Florida on Monday .

Both were arrested for money laundering conspiracy and operating an unlicensed money was to carry out its business . Shrem also get an additional lawsuit for not telling the central bank closest to what was happening .

Shrem the 24-year -old is still a major player in the world bitcoin . Stock exchange bitcoin , BitInstant based in New York City, giving access to the public to buy bitcoin locally in over 700 thousand locations in the U.S. , Brazil , Russia and others .

Last year , BitInstant received an investment of U.S. $ 1.5 million from Cameron and Tyler Winklevoss . Shrem Bitcoin is also the deputy CEO of the Foundation , one of the largest advocacy bitcoin in the U.S. . Two brothers , Winklevoss was deeply concerned over the arrest Shrem unexpectedly .

" When we invest in BitInstant in the fall of 2012, the management BitInstant berkoitmen will comply with all applicable laws , including laws regarding money laundering , and we believe it just like that, " said the brothers .

According to the lawsuit in federal court , the first time muncil Faiella at Silk Road as BTCKing at the end of 2011 . Black market websites that only allow consumers to sell and buy goods using bitcoin while Faiella establish business with bitcoin exchange for cash . That was the beginning of cooperation with Shrem Faiella .
Authorities Investigating

According to the results of the investigation of the Internal Revenue Service ( IRS ) , Shrem selling and supplying bitcoin to Faiella , as well as smooth the process of buying and selling dealers and drug users . Although Shrem know what the money - the money was used , but he never reported it to the U.S. Treasury Department .

The documents the results of the investigation showed how close Shrem and Faiella in collaboration . Although Shrem never know his real name , which he knows is BTCKing , young executive was always helping the man escape from the difficulties that face .

For example , when Faiella have large amounts of cash deposits and delivery that is too often giving rise to suspicion , Shrem help Faiella to avoid it .

The IRS pointed to two business associates had illegally exchanged U.S. $ 1.05 million cash into bitcoin in more than 10 months to October 2012 . Finally, both work well . By 2013 , he had exchanged more than U.S. $ 20 thousand bitcoin client every week for the Silk Road .

To gather further evidence , federal agents pretending to be one of the Silk Road and the user account from the purchase bitcoin Faiella . The agents were then able to trace where the money - the money and everything and eventually lead to Faiella Shrem .

Another evidence of the arrest of two suspects was also obtained with bitcoin hack BitInstant site server where there are entire transaction records , information and private messages . Since Monday ( 01/27/2014 ) BitInstant site has been unable to function due to the arrest of the leaders .

The representative of the government requested an increase regulations on the use of bitcoin . Because the perpetrators of buying and selling virtual currency that does not use real names and difficult to trace his true identity .

While a separate interview with Russian media , Shrem calls the current financial regulation makes no sense .

" They ignored us . They do not like us , " said Shrem referring to the U.S. government . ( Sis / Ahm )

SOURCE : Liputan6