Robert Faiella got arrested in bitcoin fraud

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Indeed this is very bad news as such people also present among us and do not work with sincere, the one latest is the robert faiella who is exchanger on bitcoin and finally admitted that he enabled the digital currency to be funelled to the black market website Silk Road for drug sales. So he was arrested to go to prison for 4 years. Faiella, 55, pleaded guilty in September to operating an unlicensed money transfer business. The Fort Myers Beach, Fla., resident admitted earning about $30,000 in commissions by enabling drug transactions from December 2011 through October 2013.

 Not only will go to prison but will also pay $950,000 US., this was ordered by the united state District Judge Jed Rakoff because he noted that Robert Faiella had been convicted in a tax case previously and his sentence needed to be long enough to deter him from committing other crimes.. In these crimes one is that of frauding in bitcoins transfer, which i want to quote that message as i heard. " Faiella and Shrem were accused of letting more than $1 million in bitcoins reach the Silk Road website. Authorities have said Silk Road's San Francisco operator generated more than $1 billion in illicit business from 2011 until the website was shut down in 2013."



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