Description
The DOJ charged Murgio with operating an unlicensed money-transmitting business, related to the illegal operation of Coin.mx. Murgio tried to argue that Bitcoin does not meet the Black’s definition of money. However, the case ended with Murgio pleading guilty and all other defendants being convicted.
Legal Significance
The court held that Bitcoin is money within the meaning of 18 U.S.C § 1960 (which prohibits the operation of an unlicensed money-transmitting business).
Issues
Status
Settled
Case No.
1:15-mj-02508; 1:15-cr-00769
Date Filed
August 10, 2015
Plaintiff
United States of America
Defendant
Anthony MurgioYuri LebedevTrevon GrossRicardo Hill
Court
USDC Southern District of New York
Plaintiff Counsel
Eun Young ChoiCatherine Elaine GhoshWon S. ShinWilliam K. StoneFinn Dixon & Herling LLP
Defendant Counsel
Rothman Schneider Soloway & Stern LLPEpstein & ConroyArmstrong Teasdale LLPKaplan & Sconzo PAGreenberg Traurig LLPBaker Marquart LLPKrovatin Klingeman LLCPierce Bainbridge Beck Price & Hecht LLPCreizman PLLCQuijano Ennis & SiderisGelber & Santillo PLLCLaw Office of Joseph G. Sconzo PA
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