A trio of men from New York are currently facing time in jail after allegedly attempting to use bitcoins to get away with crime, according to authorities.
A federal grand jury indicted Richard Petix, 30, of Rochester NY with operating an unlicensed money transmitting business and making material false statements. In a separate indictment, Queens residents Zhe Wang, 20, and Kevin Szura, 20, were charged with conspiracy to distribute controlled substances, money laundering conspiracy, money laundering, and conducting a monetary transaction in criminal derived property.
According to authorities, Petix lied to federal probation officers and other law enforcement agents about owning and operating a laptop computer and smartphone. The 30-year-old is on supervised release from a 2009 federal child pornography conviction and is required to notify his probation officers of any computers he uses and police must be allowed to examine the computer for any suspicious activity.
On Oct. 20, 2015 Petix allegedly told his probation officer he had not used any computers or the Internet, authorities said, however on Dec. 3, 2015 Petix conducted a bitcoin sale with an undercover federal agent.
Petix transferred 37 bitcoins — values at about $13,000 — but when he was