Monday, January 27, 2014

INNOVATION - Patents, Trade Secrets, and Alternative Currencies

Federal Complaint against Bitcoin Foundation persons, operating the alternative currency company. 

According to the criminal complaint, Shrem helped Robert Faiella, a 52-year-old Florida resident, process Bitcoin sales from customers on Silk Road who wanted to buy drugs. The scheme was allegedly a huge part of BitInstant's revenue stream.
"Faiella obtained Bitcoins with the company's assistance, and then sold them to Silk Road users at a mark-up," it says.
The complaint alleges Shrem himself bought drugs on the site.


No comments:

Post a Comment