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Leading Bitcoin exec charged in Silk Road money laundering scheme
Leading Bitcoin exec charged in Silk Road money laundering scheme

The chief executive of a Bitcoin startup backed by the Winklevoss twins was arrested Monday and charged with laundering money through a notorious drug-trafficking site. The Department of Justice said that it had charged Robert M. Faiella and Charlie Shrem with selling $1 million worth of Bitcoins to people attempting to buy and sell drugs on the Silk Road black market website. PHOTOS: 10 ways to use the sharing economy Shrem is CEO of BitInstant, a Bitcoin exchange that counts the Winklevoss twins as its investors. The pair invested $1.5 million in the company last year. The BitInstant website was offline Monday morning. Shrem is also vice chairman of the Bitcoin Foundation and...

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