Robert Faiella, charged this week with running an underground Bitcoin exchange tied to the Silk Road online bazaar, was released on bond and his case sent to New York, where U.S. authorities are probing individuals who use the virtual currency to commit crimes.
The vice chairman of the Bitcoin Foundation was charged by federal prosecutors with conspiring to launder more than $1 million in the virtual currency, the latest charges tied to the illicit online bazaar Silk Road.
American Airlines Group Inc. will drop daily nonstop service between Washington’s Reagan National Airport and 17 cities, enabling the sale of flying rights for regulatory approval of its US Airways Group Inc. merger.
Duane Morris LLP is establishing a five-lawyer office in Shanghai through Duane Morris & Selvam LLP, its joint law venture in Asia, which will have an emphasis on facilitating outbound investment for Chinese corporations.
The top elected official in Ramapo, New York, Town Supervisor Christopher St. Lawrence, wanted a minor-league baseball team and a new stadium to house it. The park would cost about $20 million and taxpayers wouldn’t have to cover it, he and paid consultants predicted three years ago.
A Florida psychiatrist never spent any of the millions of dollars that prosecutors claim she hid from the Internal Revenue Service, her attorney told jurors at the start of her tax trial in federal court in Fort Myers.
Florida Gulf Coast University, whose men’s basketball team became the first 15th seed to make the National Collegiate Athletic Association tournament’s regional semifinals, is shopping $30 million of debt to finance student housing.
Patricia Hough, according to her lawyers, is an altruistic psychiatrist who helped her husband build two Caribbean medical schools. To prosecutors, she is a tax cheat who used offshore accounts to avoid paying taxes on millions of dollars from the schools’ sale.