After Plea Talks, Charlie Shrem Gets Formally Indicted
The former CEO of BitInstant and former vice chairman at the Bitcoin Foundation Charlie Shrem has been formally indicted for what authorities say was money laundering over $1 million in connection with Silk Road. Shrem was arrested in late January at John F. Kennedy International Airport following a bitcoin event that took place in Europe. An alleged accomplice, Robert Fiaella, was also arrested in January. Both men are charged with two counts of operating an unregistered money services business, money laundering conspiracy, and willfully neglecting to submit suspicious activity reports to....
Related News
Charlie Shrem was formally indicted on April 10th. Three months ago, Charlie Shrem, the former Vice Chairman of the Bitcoin Foundation and CEO of the now-defunct BitInstant, was arrested in New York on charges of money laundering and acting as an unlicensed money transmitter. The allegations against Shrem were that he laundered over $1 million in bitcoins for users of Silk Road - the illegal online drug marketplace that was shut down by the FBI back in October 2013, and that he wilfully neglected to report unlawful transactions that were conducted through BitInstant by Robert Faiella, a....
Former BitInstant CEO and Bitcoin Foundation board member Charlie Shrem made news when he was arrested in late January on suspicion of laundering over $1 million in connection with the infamous dark web marketplace Silk Road. Here we are at the start of April and it's being reported that United States Assistant Attorney Serrin Turner has asked for Shrem's case to be put on hold until the 28th of April. According to the March 28th filing, the 24-year-old may be in talks over a plea deal, which would close the case. Specific details were not available. Shrem has a co-defendant in this case,....
Here's an update to the ongoing situation involving Mr. Charlie Shrem, ex-Bitcoin Foundation Vice Chairman and CEO of BitInstant. Reports indicate that Shrem has formally pleaded not guilty on charges of laundering over $1 million in connection with Silk Road. Specifically, prosecutors allege that Shrem willingly sold the bitcoins to users who were planning on spending them on the illicit drug marketplace, which was shut down late last year (another version of the Silk Road marketplace was set up about a month later). The plea was entered through Shrem's legal counsel on Tuesday in....
Another day, another Bitcoin entrepreneur charged with fraud. This time it was Charlie Shrem, the former vice chairman of the Bitcoin Foundation, CEO of BitInstant, and one of the most recognized people in the Bitcoin community, has been officially indicted by a federal grand jury in New York on April 10. Shrem has been formally accused of laundering over $1 million dollars in bitcoins by funneling funds for users on the infamous Silk Road website whose founder, Ross William Ulbricht, is also facing federal charges. Only three months ago, Shrem was arrested in New York on charges of acting....
Further details have emerged of former BitInstant CEO Charlie Shrem's plea bargain with US authorities, which saw him plead guilty to aiding and abetting an unlicensed money-transmitting business on 4th Sept. Reuters reported that both Shrem and Robert Faiella, a co-conspirator who pleaded guilty separately, both agreed to forfeit $950,000 to the government as a condition of their deals. According to the New York Times, Shrem entered his plea in an unwavering voice, appearing "stoic" and calm - a departure from his usually charismatic presence. "I knew that what I was doing was wrong. I am....