Bitcoins & Money Laundering
Legal Assistance from a Miami Cyber Crime Lawyer
Bitcoins are a form of peer-to-peer virtual currency that has emerged in recent years. This digital currency that is processed via the Internet is not subject to oversight by a central issuing authority. This payment system makes it easy for anonymous transactions to be made. While the use of bitcoins is not a crime in and of itself, state and federal authorities have identified this form of currency as a tool that is being used for money laundering. As a result, Florida authorities have been working to track down cases such as these.
In fact, arrests made in February 2014 marked what is believed to be the first case in Florida in which the state filed charges for a Bitcoin-related money laundering operation, according to a Bloomberg article. While there are undoubtedly individuals who use Bitcoins for illicit activity, there are also many others who use them for perfectly legal transactions. If you are facing money laundering charges or other criminal charges as a result of your use of Bitcoins, do not hesitate to consult with our law firm.
At Seltzer Mayberg, LLC, we have a Miami cyber crime attorney who can serve as a strong advocate for your rights and your freedom!
First Florida Charges for Money Laundering Involving Bitcoins
In the Miami, Florida case mentioned above, undercover officers were specifically investigating high-volume Bitcoin activity, according to information from the Bloomberg article. They ended up finding two suspects who were allegedly willing to aid in the exchange of tens of thousands of dollars into Bitcoins that the undercover officers said they were using to purchase stolen credit card numbers. The two men ended up facing state charges for money laundering and engaging in an unlicensed money servicing business.
In another case that took place in New York, federal prosecutors filed charges against multiple individuals who were accused Bitcoin activity that was linked to a website where drugs were purchased and sold using Bitcoins. At Seltzer Mayberg, LLC, we are accepting Bitcoin-related criminal cases anywhere in the state of Florida. We are also able to provide defense for many other types of cyber crime charges.
Contact us so we can provide you with a free initial case evaluation!