Thursday, February 6, 2014


Two individuals have been arrested by the Miami Beach Police, after they entered into two  separate transactions to sell Bitcoins to undercover officers, who were posing as criminals who stated that they wanted to launder criminal proceeds through the electronic currency. Expected to be charged, under Florida's money laundering statutes, were Pascal Reid and Michel Abner Espinosa.

The defendants, who were the subject of a sting conducted by The Miami Electronic Crimes Task Force, (MECTF), are believed to be the first case of its kind in the United States. is this case the shape of things to come ? Are Bitcoins being targeted by US law enforcement ? Only time will tell, but the risk levels for Bitcoin transactions in general just increased a bit. There was a Bitcoin conference on Miami Beach last week, and it is possible that the agents found two willing sellers there.

Judging by the fact that a specialized law enforcement task force was involved, any individuals or companies involved, in any way, with Bitcoin sales, should obtain a sworn Source of Funds affidavit from their client, The problem is, I sincerely doubt that any of the buyers will provide one.

1 comment:

  1. How I Got My Loan From A Genuine And Reliable Loan Company

    Hello Everybody,
    My name is Mrs.Irene Query. I live in Philippines and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $150,000.00 to start my life all over as i am a single mother with 2 kids I met this honest and GOD fearing man loan lender that help me with a loan of$150,000.00 US. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs.Irene Query, that refer you to him. contact Dr Purva Pius,via email:( Thank you.

    1. Your Full names:_______
    2. Contact address:_______
    3. Country Of Residence:______
    4. Loan Amount Required:________
    5. Duration:_____
    6. Gender:_____
    7. Occupation:________
    8. Monthly Income:_______
    9. Date Of Birth:________
    10.Telephone Number:__________

    Email Us:


Note: Only a member of this blog may post a comment.