Judge Rejects Florida Man's Bid to Dismiss Case

Florida Judge Fleur Lobree dismissed Pascal Reed's motion to drop illegal money transfer charges in an case relating to him selling roughly $25,000 worth of Bitcoin to a Secret Service agent in a sting last winter. Reed's lawyer argued that as merely a token of value applying Florida's money transmission laws to individuals as opposed to corporations would set a horrifying precedent:

"The statute was intended for the exchange of money for money, If you extend it to anything of value, then any customer using a credit card to buy something, anyone holding a yard sale and accepting cash, is a money transferer."

According to Miami-Dade State Attorney Katherine Fernandez Rundle two other people were arrested as a result of this sting targeting "individuals engaged in high volume Bitcoin activity."

3 thoughts on “Judge Rejects Florida Man's Bid to Dismiss Case

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>