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Bitcoin Backer Gets Two Years Prison For Illicit Transfers

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A bitcoin ATM machine is shown at a restaurant in San DiegoBy Nate Raymond NEW YORK (Reuters) - Charlie Shrem, an outspoken supporter of bitcoins, was sentenced to two years in prison on Friday for indirectly helping to send $1 million in the digital currency to the Internet black-market bazaar Silk Road. Shrem, a former vice chairman of the Bitcoin Foundation, was also ordered by U.S. District Judge Jed Rakoff in Manhattan to forfeit $950,000 after pleading guilty in September to aiding and abetting an unlicensed money transmitting business. ...




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