Shrem Pleads Not Guilty to Money Laundering Charges
Former Bitcoin Foundation vice chairman and bitcoin entrepreneur Charlie Shrem has pleaded not guilty to money laundering charges in Manhattan federal court. The presiding judge has set 22nd September as the date the trial will commence, according to Bloomberg. Shrem's plea was submitted on his behalf by his lawyer. Shrem, 24, was indicted earlier this month by federal prosecutors, who allege that he had facilitated bitcoin payments processing on the now-defunct Silk Road online black marketplace beginning in 2011. The case had previously been postponed in early April after prosecutors....
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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....
Once the Vice Chairman of the Bitcoin Foundation and CEO of BitInstant, Charlie Shrem's fall from grace, began at JFK airport in New York where police arrested him on charges of money laundering and acting as an unlicensed money transmitter. Authorities alleged Shrem laundered more than $1 million. Shrem faced a maximum sentence of 30 years in prison. Shrem's true story starts with BitInstant and his nightlife lifestyle via his Bitcoin accepting club in New York. Shrem was ultimately sentenced to two years in prison for Silk Road related charges. U. S. District Judge Jed Rakoff in....
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....
The former operator of bitcoin exchange Coin.mx, Anthony Murgio, has plead not guilty to money laundering. According to Bloomberg, Murgio also plead not guilty to operating the bitcoin exchange, wire fraud and conspiracy. As previously reported by CoinDesk, Murgio was charged with one count of money laundering and one count of willful failure to submit a suspicious activity report. He was arrested alongside Yuri Lebedev in July and accused of using Coin.mx as a money channel for a series of online criminal enterprises. Both him and Lebedev were charged with one count of conspiracy to....