Three New Yorkers Indicted Over Sale of Xanax for Bitcoin
Posted: Mon Mar 14, 2016 8:23 am
It seems as if American authorities are competing for cryptocurrency related action as the US Attorney for the Western District of New York now boasts about its “first Bitcoin-related case.” On Friday a federal grand jury returned an indictment charging Richard Petix with operating an unlicensed money transmitting business and making materially false statements, and a separate indictment charging Zhe Wang and Kevin Szura with conspiracy to distribute controlled substances, money laundering, money laundering conspiracy, and conducting a monetary transaction in criminally derived property.
“This case demonstrates the ever-growing ways in which the virtual world is intersecting with, and being exploited by, real life crime and criminals,” ... (read more)