01-27-2014, 02:03 PM
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cuck
Industry Role:
Join Date: Mar 2003
Posts: 11,571
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He's not really in trouble for the drugs.
Quote:
SHREM, who personally bought drugs on Silk Road, was fully aware that Silk Road was a drug-trafficking website, and through his communications with FAIELLA, SHREM also knew that FAIELLA was operating a Bitcoin exchange service for Silk Road users. Nevertheless, SHREM knowingly facilitated FAIELLA?s business with the Company in order to maintain FAIELLA?s business as a lucrative source of Company revenue. SHREM knowingly allowed
FAIELLA to use the Company?s services to buy Bitcoins for his Silk Road customers; personally processed FAIELLA?s orders; gave FAIELLA discounts on his high-volume transactions; failed to file a single suspicious activity report with the United States Treasury Department about FAIELLA?s illicit activity, as he was otherwise required to do in his role as the Company?s Compliance Officer; and deliberately helped FAIELLA circumvent the Company?s AML restrictions, even though it was SHREM?s job to enforce them and even though the Company had registered with the Treasury Department as a money services business. Working together, SHREM and FAIELLA exchanged over $1 million in cash for Bitcoins for the benefit of Silk Road users, so that the users could, in turn, make illegal purchases on Silk Road.
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