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Charlie Shrem to plead guilty to federal charges related to Bitcoin transactions

31
Aug
2014

One of the most prominent names in Bitcoin will plead guilty to multiple federal charges in a New York court next Thursday, September 4th. According to Reuters, Charlie Shrem, an entrepreneur whos made millions off of Bitcoin, has made a plea deal with authorities regarding charges that he illicitly transacted Bitcoin with users of the underground marketplace Silk Road. Shrems lawyer tells Reuters that he will plead guilty to the charge of unlicensed money transmission, which carries a maximum prison sentence of five years. It is not yet know if Shrems co-defendant, Robert Faiella (who allegedly purchased Bitcoins from Shrem before marking them up for sale on Silk Road), will also plead guilty.

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