Saturday, August 30, 2014

REPORT: Charlie Shrem Reaches Plea Deal

Reuters is reporting that Charlie Shrem has reached a plea deal to resolve U.S. charges that he engaged in a scheme to launder money as part of his bitcoin operation.

It's good to see Shrem resolve this and be able to move on with his life without this hanging over his head. He is a talented entrepreneur.

According to Reuters, Shrem will plead guilty next Thursday in New York federal court to unlicensed money transmission. Of course, in a libertarian world, this wouldn't even be a crime.

"I'm happy that it's coming to a close," Shrem told WSJ in a telephone interview.

Under his plea, Shrem said he could face time in prison. The final sentence will be determined by a judge.

He  said that he will ask members of the bitcoin community to write letters to the judge on his behalf ahead of the sentencing that is expected in the next few months.

"My life is not ending here. I'm overall happy and satisfied," he said.


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