Charlie Shrem Hopes to Walk Free After Guilty Plea Deal
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....
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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....
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....
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,....
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....