“Further details have emerged of former BitInstant CEO Charlie Shrem’s plea bargain with US authorities, which saw him plead guilty to aiding and abetting an unlicensed money-transmitting business on 4th Sept. Shrem and Robert Faiella’s plea bargains, [with the government’s decision to drop a charge of money-laundering,] provide for jail terms of up to 60 months. The guidelines also include a maximum fine of $250,000 or twice the amount of money derived from the crime or double the loss to the victim, whichever is greatest. The Manhattan US Attorney, Preet Bharara, said that Shrem and Faiella sold $1m in bitcoin to ‘outlaws’ on Silk Road.”
http://www.coindesk.com/charlie-shrem-forfeit-950000-us-government-plea-bargain/
Related posts:
Eighth Amendment circumvented through plea bargaining
Can Amazon Fix American Health Care?
Verizon Patent Helps Deliver Relevant Ads By Eavesdropping Conversations
The Totalitarian One-way Mirror
Police Leave Explosive On Airplane
A Congressman who Doesn't Cotton to the Constitution
“You’re Sick, Fatso. I’m Billing Your Insurance Company.”
Teen arrested for using app to “shoot” his classmates with a cellphone
Female Motorist Faces Down California Highway Patrol
Landmark lawsuit filed against the EPA for immoral human experimentation
The Missiles That Brought Down TWA Flight 800
Bitcoin going mainstream? Exchange approved to operate as a bank
Another California City to Put Traffic Cameras to Public Vote
More On Silva Murder By Police
Special Report: Insiders on Why Bitcoin's Future Is Bright