Tag Archives: Bitcoin

The Miami-Dade State Attorney is the first local prosecutor’s office in the United States to charge suspects with money laundering related to the transfer of Bitcoins for illicit purposes.  Mitchell Abner Espinoz and Pascal Reid were arrested for providing unlicensed money services (FSS 560.125) and for violating Florida’s Money Laundering Act (FSS 896.101). For the uninitiated, Bitcoins are virtual currency used for online trading of goods and services.  The trading is done peer-to-peer and can be anonymous.  It is the anonymity and lack of government oversight that have made Bitcoin popular for drug dealers and money launderers.  A Bitcoin tutorial video is posted below. Espinoza was a trader of Bitcoins … Continue reading →