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Exclusive: Bitcoin Promoter To Plead Guilty To Unlicensed Money Transmission

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Bitcoin Foundation Vice Chairman Shrem exits the Manhattan Federal Courthouse in New YorkBy Nate Raymond NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. Shrem, the former vice chairman of the Bitcoin Foundation, will plead guilty next Thursday in New York federal court to unlicensed money transmission, Marc Agnifilo, his lawyer told Reuters in an email. 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. Federal authorities shut down Silk Road last year, though a new Internet marketplace under the same name was launched in November.




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