Monday February 10, 2014

Florida Targets High-Dollar Bitcoin Exchangers

These guys definitely qualify as the stupid criminals of the day. The genius converting cash for bitcoin for undercover cops was definitely my favorite. big grin

According to this user’s profile, Michelhack has at least 100 confirmed trades in the past six months involving more than 150 Bitcoins (more than $110,000 in today’s value), and a 99 percent positive "feedback" score on the marketplace. The undercover agent and Michelhack allegedly arranged a face-to-face meeting and exchanged a single Bitcoin for $1,000, a price that investigators say included an almost 17 percent conversion fee.