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Bitcoin Trader Agrees To Work For Police In Plea Agreement

Posted by samzenpus on from the time-to-learn dept.

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.

2 of 111 comments (clear)

  1. Bitcoin is not money by Tokolosh · · Score: 3, Interesting

    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?

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    Prove anything by multiplying Huge Number times Tiny Number
  2. Re:Plea agreement = legalized extortion by penguinoid · · Score: 1, Interesting

    It's not extortion. It's compelling a person to be a witness against himself.

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    Don't waste your vote! Vote for whoever you want, unless you live in a swing state it won't matter anyways