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Hm, the wire fraud count is always tacked on to everything. Out of curiosity, can you be charged with wire fraud if you personally only transact in cryptocurre
by rolltiide 7y ago
Hm, the wire fraud count is always tacked on to everything.
Out of curiosity, can you be charged with wire fraud if you personally only transact in cryptocurrencies completely on chain? value sent to you is in crypto, value you pay out to others is in crypto?
(I've run several businesses for several years that do that and have never needed to "cash out", even easier now with stablecoins which don't fluctuate in value)
- tlb 7y agoYes. The statute: "Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both." [18 U.S.C. 1343] "Money or property" includes cryptocurrencies, and "wire" has been repeatedly interpreted to include the internet, email and text messages.
- rolltiide 7y agocomprehensive one!
- kbumsik 7y ago> Out of curiosity, can you be charged with wire fraud if you personally only transact in cryptocurrencies completely on chain? It doesn't matter what or how he benefited from the fraud but what he have stolen. So I guess using crypto won't change anything.