a huge pioneer of of the big quinn currency now federal prosecutors are alleging that charlie sram has been had been engaging in a scheme to sell over a million dollars in bitcoins to users of the silk road website which then subsequently enabled users to buy and sell illegal drugs anonymously and beyond the reach of law enforcement investigators say that twenty four year old from was conspiring with an underground bitcoin exchange or robber. who also was arrested. prosecutors also say that shrum personally bought drugs on the silk road website and he was arrested yesterday john f. kennedy international airport in new york he was arrested on sunday is expected to be presented in manhattan federal court later on in on monday now that. is charged with conspiracy to commit money laundering operating an unlicensed money transmitting business and willfully failing to file a suspicious activity report if guilty he faces up to thirty years in prison now i was reading a bit through the indictment it's really hard to separate here what they are alleging that charlie shrum did or what charlie sh

a bit instant sram was arrested on charges of scheming to sell the fare poncy to the operator of silk road another one you won't want to miss much as we head to a quick break here's a look at some of today's closing numbers stick around. big bucks but. i would like to do if you did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy shrek albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and i was proud to mco we've been hijacked like handful of transnational corporations that will profit by destroying what our polity harbors once will just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem to try rational debate and a real discussion critical issues facing. for ready to join the movement then welcome the. world. science technology innovation all the list of melamine still around russia we've got the future. ever heard. on our show we've

a bit instant sram was arrested on charges of scheming to sell the fare plan c. to the operator of silk road another one you won't want to miss much as we head to a quick break here's a look at some of today's closing numbers stick around. and . i would read that as questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question lol. i was a bit of it and i think a society. i'm sick corporation trying to convey to whom can. i think the banks are trying to get all the money and other than actually sick for politicians writing the laws and with the tax rate. coming up. here in just two. days. on our show we talk a lot about the washington for wall street connection and how government and banks work together and what at times seems to be a cooperative agreement to run the country well joining us to discuss this very issue is larry doyle former former mortgage backed security trader for bear stearns j.p. morgan and bank of america now he is also author of the new book in

a huge pioneer of of the big quinn currency now federal prosecutors are alleging that charlie sram has been had been engaging in a scheme to sell over a million dollars in bitcoins to users of the silk road website which then subsequently enabled users to buy and sell illegal drugs and honestly and beyond the reach of law enforcement investigators say that twenty four year old from was conspiring with an underground bitcoin exchange or robber. who also was arrested prosecutors also say that personally bought drugs on the silk road website if guilty he faces up to thirty years in prison now i was reading a bit through the indictment it's really hard to separate here what they're alleging that charlie sherm did or what charlie knew about and didn't report it seems as just reading the indictment that charlie shrem was selling big koreans through in states that maybe three steps removed for him those koreans were then possibly used to buy drugs and then there are now those are now being called connected back to charlie lots of questions of course are being raised a lot still isn't known bu

attorney general's office sram allegedly conspired with an underground exchanger who's also been arrested in connection to this case this arrest instantly made headlines particularly because shrum is known as the bitcoin wonder boy determined to help the digital currency go mainstream back in june i interviewed after his bar became the first new york city establishment to accept because he struck me as someone passionate and proud about the expanding cryptocurrency community came into the space. because i was the only person new york city had heard even heard of the coin i was left out of a very firm in the city and now fast forward to two years there are so many startups that i start to meet ups now bit point is a virtual currency free from bank or government regulation proponents say that the currencies ability to exist without any centralization is what makes it so appealing last year the use of good point became so prevalent that its value searched from thirteen dollars to over one thousand by the end of twenty thirteen now of course this doesn't make everyone happy j.p. morgan chase

laws and we expected nothing less although it instead is not named in today's indictment of charlie sramwe're obviously deeply concerned about his arrest we were passive investors in bit instant and will do everything we can to help law enforcement officials we fully support any and all government efforts to ensure that money laundering requirements are enforced and look forward to clear regulations being implemented on the purchase and sale of a point clear or regulations is a crafty way of saying saying that they have a good p.r. person on their side but it's. is that the feds are really zeroing in on big wigs and pioneers do you think the winklevoss is our next. really interesting. passive investor. that is you know what they're saying that you know basically we like to call it but by the way you know we are really active investors at it but you know so there really depth. and this and see. the early read the perspectives that we think. the interesting bit actually is today that we saw benjamin lawsky talking about regulating because right and one of the winkle by was down there sayin

off of their website selling them on marked up prices and getting kind of some kind of deals with sram because he would buy the bitcoins and much larger stock and so the officials are saying twenty eleven to twenty thirteen making or exchanging over one million dollars worth of bitcoins and which silk road users again because bitcoin is the only currency that was allowed to be used on this website that's why now shut down to be able to buy drugs online so the question is where do to their cases go from here or is this expected to have a larger impact on the big coin community as a whole. well i mean and that's really one of the most important questions in this case because the bitcoin community and the bitcoin trend as it was only beginning to really take off and this is one of the questions whether or not these particular routes and what's going to happen to these two men sram in particular because he was really a celebrity like you mentioned in the bitcoin world and some of the. out of lists and supporters a saying that there are only reason that bitcoins a bit is being attacked is b

charlie sram one of the key advocates of the cryptocurrency has been charged with trying to launder one million dollars worth of big coins using outlawed website the silk road if found guilty he's facing thirty years behind bars or she's going to point out is following the story. u.s. federal prosecutors are accusing self-proclaimed bitcoin evangelist charlie shrem of selling one million dollars in bit cooling to users of the website silk road prosecutors say those same users then to use the digital currency to anonymously purchase drugs in the deep web black market the twenty four year old c.e.o. of instant and co owner of the manhattan bar ever was arrested at j.f.k. airport on sunday he's being charged with operating an unlicensed money transmuting business money laundering conspiracy and failure to file suspicious activity report no according to a release from the u.s. attorney general's office shrum allegedly conspired with an underground cooling exchanger who's also been arrested in connection to this case this arrest instantly made headlines particularly because shrum is known as