Bitcoin promoter to plead guilty in Silk Road case

New York – Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve US charges that he engaged in a scheme to sell over $1m of the digital currency to users of illicit online marketplace Silk Road, his lawyer said on Friday.
Shrem, the former vice chair of the Bitcoin Foundation, will plead guilty next on Thursday in New York federal court to unlicensed money transmission, Marc Agnifilo, his lawyer said an e-mail.
Prosecutors had previously charged Shrem with operating an unlicensed money transmitting business, money laundering conspiracy and failing to file suspicious activity reports with government banking authorities.

This post was published at Fin24 on 2014-09-01.

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