At least two men in Florida have been charged for moving large volumes of bitcoins via OTC exchange localbitcoins.com. They were charged under state anti-money-laundering laws following an investigation by the US Secret Service, said reports.
Security blogger Brian Krebs reported that Michell Abner Espinoza of Miami Beach was arrested after a sting in which an undercover agent engaged him in a fake transaction to convert $30,000 worth of cash into bitcoins.
29 year-old Pascal Reid was also arrested, again for meeting with an undercover agent to exchange $30,000 for bitcoins.
February 07, 2014 at 07:02PM
