5 ms·

Here is a more to-the-point article. https://www.unionleader.com/news/crime/free-keene-leaders-arrested-for-money-laundering-in-fbi-raids-illegal-bitcoin-excha

• zozbot234 5y ago
  They were misrepresenting their enterprises as "churches" and telling their customers to report their transactions as "church donations". So it looks like the fraud, wire fraud etc. charges might stick.
  • inter_netuser 5y ago
    how long until Bitcoinism is accepted as a religion? If Scientology could do it, Bitcoinism should be too,seems to have far larger budgets.
• Accujack 5y ago
  Feds allege that about every unregulated crypto exchange of any kind. It does seem like this particular business was relying upon legal hacks and obscurity more than following the established rules for financial firms, probably for ideological reasons.
  • calvinmorrison 5y ago
    Remember that time a guy printed up certificates for redeemable precious metals then got rectally destroyed by the feds?
    • RobotCaleb 5y ago
      I do not. Do you have a link to more information about this?
      • morpheos137 5y ago
        Look up egold.
      • calvinmorrison 5y ago
        https://en.m.wikipedia.org/wiki/Liberty_dollar_(private_currency) https://en.m.wikipedia.org/wiki/Liberty_dollar_(private_curr...
  • weare138 5y ago
    I don't know, this seems like straight up money laundering versus just operating in a grey area of the law. They setup a tax-exempt church and ran over $5M through it. Now I think driving an armored vehicle into this guys house was excessive but I don't think he's innocent either.
• ekianjo 5y ago
  > Feds allege it was a money laundering operation. Feds also routinely mislabel anyone they don't like.