0 sats \ 6 replies \ @siggy47 OP 24 Apr \ parent \ on: Samourai Indictment Count Two Could Have Serious Implications For All Wallets bitcoin
No doubt the mixing will earn the headlines. Count two is a bigger deal, IMO. The US District Court for the Southern District is probably the highest profile federal trial court in the country. They don't just bring counts for the hell of it.
I think you're confusing the way the charges relate to each other. There are many ways to launder money. The charges allege that the WAY they laundered money was by running an unlicensed money transmitter.
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We disagree.
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The allegations contained in paragraphs 1 through 28 of this Indictment are repeated and realleged as if fully set forth herein
This is the first paragraph of the second charge.
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Every indictment is drafted like that. We can keep going back and forth. I say the defendants are charged criminally with operating a money transmitter business separate and apart from the mixing. You disagree. Let's see how it plays out.
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In a regular wallet the person transmitting the money is the person/people initiating a transaction. coinjoins make use of a coordinator.
I made the point elsewhere, and repeat it here. There are many ways to launder money. In the TV show "Breaking Bad" they buy a car wash to launder money. The car wash was a registered business, paying taxes on claimed revenue, etc.
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