Posts Tagged ‘United States’

Bitcoin sails on

Charlie Shrem & Robert Faiella face federal charges; markets shrug it off

by , Jan 27, 2014 | 1:38 pm

Preet Bharara, the US attorney for the Southern District of New York, today announced the unsealing of a federal criminal complaint against Robert Faiella and Charlie Shrem. It’s alleged that Faiella ran an underground bitcoin exchange on Silk Road. Shrem is well-known in the bitcoin community as the CEO of BitInstant and the Vice Chairman of the Bitcoin Foundation.

A copy of the criminal complaint against both men is here.

The complaint alleges that both Shrem and Faiella operated an unlicensed money transmitting and that Shrem specifically facilitated that business through BitInstant. Further to those allegations, Shrem is also charged with violations of the Bank Secrecy Act because of his purported wilfull failure to file reports with the Treasury Department. Finally, both men are charged with money laundering conspiracy under 18 U.S.C. 1956.

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Clock!

Reid Calls for Extended Lame Duck; GOP Pushes for Recess

by , Dec 15, 2010 | 5:47 pm

WASHINGTON, DC – Harry Reid went on record about the lame duck session schedule, telling The Hill, “we need to stay here until we finish.”

Whether or not “finishing” includes passing the online poker bill remains to be seen. What is clear is that the Reid bill is still on the table and continues to be revised, albeit quietly, as the Senate engages in a multitrillion-dollar left-vs-right holiday battle royale. But so far the only thing the bill has attached itself to is what is becoming, as NPR explains, a contentious race against the clock.

The Constitutional deadline for this session of Congress to close its business is noon on January 3rd, 2011.

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