BitInstant CEO arrested for money laundering

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   The CEO of the website BitInstant, a site where you can purchase Bitcoins with real money, was arrested by U.S Government agents yesterday for money laundering.
   Bitcoins are a digital currency that allows the money holder to be anonymous. Since you can't track to who the Bitcoin(s) belongs to, Bitcoins became a popular currency when buying illegal items on the internet.
   Bitcoins are the only way to purchase items on a popular hidden website "Silkroad", which specializes in illegal drugs.
   The CEO, Charlie Sherm, is also accused of buying drugs via the Silkroad website with Bitcoins.

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