District Court, S.D. New York August 19, 2014, No. 14-cr-243 (JSR) (United States v. Faiella)

MEMORANDUM ORDER

JED S. RAKOFF, District Judge.

Defendants in this case are charged in connection with their operation of an underground market in the virtual currency “Biteoin” via the website “Silk Road.” Defendant Faiella is charged with one count of operating an unlicensed money transmitting business in violation of 18 U.S.C. § I960,1 Indictment (“Ind.