Bitcoin Trader Agrees To Work For Police In Plea Agreement
An anonymous reader writes: Florida Bitcoin trader Pascal Reid, who was arrested in a February 2014 sting operation as part of his plea agreement, promised to carry out 20 sessions of law enforcement training in Bitcoin as well as serve as a consultant in criminal cases involving Bitcoin. This is in addition to 90 days in jail with credit for time served and a $500 reimbursement to the State of Florida for the expense of prosecuting him. Qntra has a write up on the case and the full text of the draft plea agreement.
Judge: "$500 reimbursement to the State of Florida for the expense of prosecution"
Reid: "Can I pay that in Bitcoins???"
Uh, couldn't they just go to bitcoin.org and READ instead?
So, once you got arrested by the cops, they can extort you for anything by throwing the book at you, and you either risk wasting your life in jail or comply.
This is your so-called "justice" in America?
Sounds like Florida considers Bitcoin to be money and they need to go after Paypal next.
Snitch. The BTC community has decided to disable him.
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You people must have families you need to protect. Fuck you and their law.
It is a commodity, according to today's news at https://news.yahoo.com/cftc-br...
But according to the plea bargain "The Defendant, PASCAL REID, will enter a plea of guilty
to count three (3) Unauthorized Money Transmitter in violation of Florida Statute 560.125(5)(A)."
So what is it? Money or commodity?
Prove anything by multiplying Huge Number times Tiny Number
Of course he agreed to work for the police. Because at heart, every BroCoin libertarian is just a punk who will suck the swinging dick of whichever daddy figure has the power.
You are welcome on my lawn.
You play, you pay. We all know that. Then you shut the fuck up until they let you go. The more you say, the longer you stay. Now you are their bitch for life, which will probably be short, since, you know, 'murika.
First, he took $25,000 USD cash. Since cash is most definitely money, money was involved. Bitcoin was also involved.
Secondly, a commodity is a fungible thing of value.
Money is a fungible thing of value (commodity) that does not spoil (it's a store of value) which can readily exchanged within a community.
So if it's money it is therefore also a commodity. It's not either/or , it's "yes, this is a commodity, is it also money".
If you're lying you're dying
What exactly was he convicted of? This seems weird on the face of it. Justice???
While I don't have a problem with plea deals in concept (they do have their issues) I have a problem with this one because it's using the person to provide services that the police department would normally have to pay for. So is this going to be a trend now? When someone with knowledge that the police would normally hire in a consultant for they just make sure that there's a clause in the plea deal saying the person has to help the police. Why stop with consultants? Instead of community service you have to do your hours working at the police department. Free janitors, laborers, etc. Think of how much of the budget it will free up.
Man ... the States is getting more and more pathetic!
What the fuck happened to the 2nd Amendment?
Why are you guys willingly letting the authority to cripple the 2nd Amendment??
Seriously, people who think that sustained deflation is workable in a currency need to go and take ECON 200 again and l2money.
While I agree with the principle of criminals teaching police how to catch other criminals; and the police getting training from experienced 'operatives', I feel a slippery slope nearby. This can only end badly.
Why did he agree to be arrested? It makes no sense. Surely if he was at the plea bargain stage that had already happened?
Now if you meant "Florida Bitcoin trader Pascal Reid, who was arrested in a February 2014 sting operation, promised as part of his plea agreement to ..." then there's a way to write that.
At the bottom of the
So. He gets to con ANOTHER group of suckers into believing that Bitcoin is a Good Thing? Right?
Pfft.
Chas - The one, the only.
THANK GOD!!!
An uninformed person reading that summary could be forgiven for thinking that trading in Bitcoins was his crime! I'm sure the words 'money laundering' could have been worked in there somewhere.
I don't believe in justice, you insensitive clod!
When you point a gun at an intruder and pull the trigger you may be looking at spending everything you and your families have on lawyers. Even with castle doctrine and the circumstances on your side it doesn't always work out like you think it will.