Great - now focus on the small-time frauds, because that;s what they are: fraud taking place by small upvote bots who collect steemians transfers 24/7 but never upvote nor return transfers - with all kinds of lame excuses, while transferring off the funds. Added together these 'small time' scammers make big bucks. But with blockchain they also can neither run nor hide.

Steemit management need to get their act together quickly because the Fed's will eventually get involved under this act - and shit will hit the fan

Wire (fraud)
18 U.S.C. § 1343 provides: Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both.[3]"