04 Sep '14, 9pm

Bitcoin promoter pleads guilty to unlicensed money transmitting

Bitcoin promoter pleads guilty to unlicensed money transmitting

NEW YORK (Reuters) - A man who helped to promote bitcoin wants to remain in the business despite pleading guilty Thursday to indirectly helping send more than $1 million in the digital currency to users of the illicit online marketplace Silk Road, his lawyer said. Charlie Shrem, 24, pleaded guilty at a hearing in New York federal court to one count of aiding and abetting an unlicensed money transmitting business. A co-conspirator, Robert Faiella, 54, separately pleaded guilty to operating such a business. Both men face up to five years in prison when they appear again in court in January. "I knew that much of the business on Silk Road involved the buying and selling of narcotics," Shrem said in court. "I knew that what I was doing was wrong." His lawyer, Marc Agnifilo, said that what Shrem did was an aberration and that Shrem plans to continue working in the bitcoin world ...

Full article: http://news.yahoo.com/bitcoin-promoter-pleads-guilty-unli...

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usatoday.com 05 Sep '14, 12am

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independent.co.uk 05 Sep '14, 8am

Charlie Shrem, 24, pleaded guilty at a hearing in New York federal court to one count of aiding and abetting an unlicensed...

Bitcoin trader enters guilty plea

bbc.co.uk 04 Sep '14, 10pm

4 September 2014 Last updated at 23:05 Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bitc...

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reuters.com 30 Aug '14, 1am

NEW YORK (Reuters) - Bitcoin entrepreneur Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in...