Nope I didn't. But when I'm bored or have some free time I'll check it out.  I'm not a lawyer or criminal expert so personally I don't really care what it says nor would I pretend to understand all of it.

Also it wouldn't change my opinion on the situation.  Although I think the war on drugs is wrong,  if it's true that someone knowingly selling bitcoins on an illegal black market site to be used for buying/selling drugs/other illegal things then I still think that person should be held accountable in accordance to the law even though I don't agree with current drug laws.  I don't know if he is innocent or guilty and I will leave it up to courts and jury to come to that conclusion after they've seen all the evidence and heard all the arguments from both parties.

Although it's bitcoin related. I don't consider this much of a bitcoin issue... just an issue of someone allegedly breaking the law.  Just like I don't consider other crimes related to us dollars or other currencies, simply people allegedly breaking laws.

Here's the part where he really messed up:

a.    On February 22, 2012, after SHREM had resolved a problem with one of "BTCKing's" orders, the following exchange occurred between them:

     i.   SHREM told "BTCKing," "I just want to let you know, I take care of you bro."


BIG MISTAKE.  Don't bro someone you don't know!

I read the whole thing. He deserves it if the complaint is true and complete

If he really did all those things then he deserves it.

I read it, but what are the knee-jerk reactions?

Arresting prominent members of a movement for things that others (HSBC, cough, cough) get away with on a daily basis should worry you.  Indeed, that is the most effective way for them to "do something about Bitcoin".  For every Shrem they jail another hundred are scared out of being publicly involved.

Since you mention Russia, this is exactly how the USSR held the satellite states in orbit (tanks only rolled twice).  Check out the CNN 12-part documentary someday.  "So and so of the [opposition] peasant party" would simply find themselves in jail before they could get elected.  Pretty damn easy to win elections with that trick up your sleeve.

I read the whole thing, Shrem is an idiot since the emails basically show him knowingly ignoring AML laws for someone he knew was doing $20K a day in exchanges and even advising the guy on how to avoid being flagged by other companies. 

Exactly！

I just read it and its still bullshit.

-There are no money transmitting LAWS that apply to bitcoin. For that to be the case, Congress would have had to write bitcoin legislation since its 2009 - it hasn't. Title 31 wasn't about bitcoin when it was written and it still isn't. Trading money for bitcoin is no more illegal than trading money for sandwiches.

-This is all just political theater by the Freemason fag-douchebag troupe. Shrem is actually in on it - I guess to give him "street-cred". They timed it for just before a hearing on virtual currencies. Its not a coincidence. The chorus of agents chiming in on this forum is part of the ruse.

-The Silk Road allegation is ridiculous, as they can't be held responsible for how people spend their bitcoin anymore than a bank teller can be held responsible for how someone spends cash.

This is all meant to SCARE YOU. Is it working?

Money laundering is laundering no matter what medium you use.