You are viewing a single comment's thread from:
RE: A Geek in Prison - A Life Series by Charlie Shrem (Preamble)
Could you elaborate more on what you did? What is exactly "unlicensed money transmitting"? I know it is a lot to ask, but as you have been so straightforward with it I went ahead and asked. It sounds to me like a victimless crime? Did you hurt someone? Did you cheat on somebody? Government does not count. As far as I am concerned license is the government selling you back a right that you already have. All the best.
http://www.coindesk.com/bitcoins-first-felon-charlie-shrem-begins-2-year-sentence/
At the age of 22, Shrem was the CEO of bitcoin exchange BitInstant. While working at this company, he violated anti-money laundering duties by dealing with Robert Faiella, who supplied $1m in digital currency to people buying drugs on the now-defunct online marketplace Silk Road.
Faiella, who went by the alias of 'BTCKing', was sentenced in January to four years imprisonment.
Both Shrem and Faiella entered plea bargains, agreeing to forfeit $950,000 each to the US government as a condition of their deals.
Thank you for the information. So he basically did not harm anyone and did do nothing wrong.