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The money laundering charge, however, might not be such a slam dunk (Count 3, I think). That requires a showing that the BitInstant guy intended to promote ille
by granfalloon 13y ago
The money laundering charge, however, might not be such a slam dunk (Count 3, I think). That requires a showing that the BitInstant guy intended to promote illegal activities. Courts are usually pretty flexible when it comes to showing intent, but I think a good defense lawyer might be able to argue reasonable doubt with respect to whether the guy KNEW that BTCKing's customer's were going to use the bitcoin to buy drugs.
- dragonwriter 13y ago> Courts are usually pretty flexible when it comes to showing intent, but I think a good defense lawyer might be able to argue reasonable doubt with respect to whether the guy KNEW that BTCKing's customer's were going to use the bitcoin to buy drugs. Maybe, but operating an unlicensed money transmission business is also an illegal activity, and is specifically one of the illegal activities alleged to be furthered by the money laundering conspiracy.