Prominent bitcoin entrepreneur Charlie Shrem has been indicted by a federal grand jury in New York on charges of funneling cash to the illicit online marketplace Silk Road, reports Reuters.
Shrem, 24, was arrested in January.
Shrem will be arraigned on the indictment on April 29, according to Manhattan U.S. Attorney Preet Bharara's office. He faces a maximum prison term of 20 years if convicted on the most serious charge.
So much for Cathy Reisenwitz's nutty theory that the government couldn't charge Shrem with money laundering. SEE: Cathy Reisenwitz Takes On Money Laundering Theory
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