:   |   |   |  
| Email Alerts | New! Mobile Apps

2 men charged in NY 'Silk Road' drug prosecution

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 1/27 8:58 am

NEW YORK (AP) — Federal prosecutors say two men are charged in New York with conspiring to commit money laundering by selling over $1 million in bitcoins to users of the black market website Silk Road that let users buy illegal drugs anonymously.

Authorities say Charlie Shrem was arrested Sunday at Kennedy International Airport in New York while Robert Faiella was arrested Monday at his Cape Coral, Fla., residence.

Prosecutors say in a release that Faiella sold bitcoins to users seeking to buy illegal drugs on the site through a Manhattan office.

They say Shrem personally bought drugs on Silk Road and helped Faiella exchange more than $1 million in cash for bitcoins so they could make illegal purchases.

It wasn't immediately clear who would represent Faiella and Shrem in court.


©2014 Associated Press. All rights reserved.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of Action News Now

No comments yet!
Purchase KHSL Video Clips!
Would you like to purchase a video clip you saw on Action News? Order here!
Inergize Digital This site is hosted and managed by Inergize Digital.

Mobile advertising for this site is available on Local Ad Buy.

© 2014 GOCOM Media of Northern California