The Bitcoin magnate who was arrested at JFK earlier this week on charges of money laundering has resigned from his vice chairmanship of the Bitcoin Foundation.
Charlie Shrem, 24, was arrested on charges that he supplied Bitcoins to people purchasing drugs online using the Silk Road. Many speculate that he used his now defunct Read More
Well, it doesn’t look like Google’s antitrust investigation is disappearing any time soon. The FTC hasn’t decided whether to bring a lawsuit, but the agency is bringing in a famous litigator to help run things. Reuters reports that former federal prosecutor and courtroom badass Beth Wilkinson will join the investigation Monday. She is perhaps best known for helping send Oklahoma City bomber Timothy McVeigh to death row.
Now, the FTC does not want anyone assuming that this guarantees a lawsuit. Richard Feinstein, who is the director of the FTC’s Bureau of Competition, told the AP that they are simply “delighted to have someone of her caliber helping us on such an important matter.” But former FTC official David Wales was more colorful:
Ever since the advent of the agency model for ebook pricing–the oh-so-valuable wedge publishers needed to fight Amazon’s $9.99 price point–it’s been the big question: Are they actually going to get away with this? Today we have our answer: Not if the Department of Justice has anything to say about it! Alleging collusion to fix prices the agency has filed an antitrust suit against Hachette, HarperCollins, Macmillan, Penguin, Simon & Schuster and Apple itself.
The allegations are awfully cloak-and-dagger. If true, they suggest the publishing industry has carried over a certain old-world stylishness into the digital age. From the filing (courtesy of the Verge):