A Florida man can be charged with money laundering in a case involving the use of Bitcoins, a judge ruled, rejecting a defense claim that he did nothing illegal because the online currency isn’t money.
Miami now looks to spring break, with the passing of the 13th annual Food Network South Beach Wine and Food Festival, where attendees ate like you hope the kids won't drink, and where "many of the greatest chefs in the world meet like Mafia dons," said a lanky, sunburned Anthony Bourdain, hosting a dinner.
Two Florida men charged with using the online Bitcoins in an alleged money-laundering scheme did nothing illegal because state law covers only currency issued by the U.S. or another country, their lawyers said.
Hedge-fund firms Saba Capital Management LP and Pine River Capital Management are piling into closed-end debt funds with share prices that plunged below the value of their assets by the most since the credit crisis.
The Fontainebleau Miami Beach is booked solid next week as bankers prepare to crowd the iconic lobby for cocktails at an annual bond-market convention. For owner Jeffrey Soffer, the conference helps justify a $1 billion makeover that almost cost him the property three years ago.
Art Basel Miami Beach, the largest U.S. art fair, will offer more than $3 billion of mostly postwar and contemporary works when it opens to a select group of collectors today, a 20 percent increase from two years ago.