Charlie Shrem Is Jailed For Bitcoin Crimes While HSBC Execs Walk Free
Charlie Shrem, former BitInstant CEO and founding member of the Bitcoin Foundation, was sentenced to two years in jail and three years of probation in a New York City courthouse yesterday. His sentence is three years shorter than a jail sentence in a plea deal he struck in September. He admitted he was guilty of aiding and abetting the operation of an unlicensed money transmitting business, and voluntarily forfeited $950,000 as part of the deal. Marc Agnifilo, Shrem’s defense counsel, asked the judge to consider Shrem’s age, experience, and behavior since the incident when deciding the....
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Bitcoin entrepreneur and former BitInstant CEO Charlie Shrem hopes to walk free after striking a deal to plead guilty to 'unlicensed money transmission' in New York. For Shrem, it's the end of seven months of house arrest, restrictions on movement and uncertainty. The plea bargain is a step down from prosecutors' original charges and strong statements, which also included money laundering and conspiracy and failing to file suspicious activity reports with government banking authorities, relating to former online black marketplace Silk Road. Shrem told CoinDesk he had faced a penalty of up....
Charlie Shrem, aka, 'Four Finger Charlie', has posted his goodbye blog and will be surrendering himself to Lewisburg Federal Prison Camp (Pennslyvania) on March the 30th. Charlie was arrested last year and convicted at the end of 2014 for crimes against the US Government in their endless War on Drugs. Sentenced to two year's imprisonment for knowingly allowing a Silk Road user, (Robert Faiella) to trade bitcoins through the now defunct exchange BitInstant. Charlie was charged with conspiring to sell over $1 million worth of bitcoins to Silk Road users, and had to forfeit $950,000. The....
Charlie Shrem is released from prison; Ethereum successfully “hard-forks,” and the Bank of England may issue its own digital currency. Want to catch up on your latest crypto-news? Take a look at the stories below. CHARLIE SHREM. Bitcoin evangelist Charlie Shrem has been released from prison after serving one year of what was originally set to be a two-year sentence. Shrem was arrested at JFK airport last year after speaking at a Bitcoin conference in Europe. Shrem was charged for helping a BitInstant customer covert USD to bitcoin that would ultimately be used to purchase drugs through the....
Editor's Note: Charlie Shrem has responded publicly by clarifying that he has not been banned from any conferences. A misreading of events caused by verbiage which CCN profusely apologizes for initially printing. Shrem has responded to CCN inquiries from earlier today and will release a full statement on the happenings soon. CCN wishes Charlie Shrem the best of luck in his 9/22/14 trial, his case has been previously written about here. Charlie Shrem's favorite picture of Charlie Shrem. Embattled former Bitcoin Foundation member Charlie Shrem has faced his share of legal trouble with the....
Charlie Shrem has been released from prison and is quite happy to be out. In a blog post written on his personal website, he thanked the hundreds of people who showed him support while being locked up in Lewisburg Federal Prison Camp in Pennsylvania. Former BitInstant Co-Founder Charlie Shrem Is a Free Man. Charlie Shrem, co-founder of the now-defunct....