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Topic: [2014-12-20] NDTV: Bitcoin Backer Gets Two Years Prison for Illicit Transfers (Read 1084 times)

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Activity: 1358
Merit: 1000
Bitcoin Backer Gets Two Years Prison for Illicit Transfers

http://gadgets.ndtv.com/internet/news/bitcoin-backer-gets-two-years-prison-for-illicit-transfers-637370

Charlie Shrem, an outspoken supporter of Bitcoins, was sentenced to two years in prison on Friday for indirectly helping to send $1 million in the digital currency to the Internet black-market bazaar Silk Road.

Shrem, a former vice chairman of the Bitcoin Foundation, was also ordered by U.S. District Judge Jed Rakoff in Manhattan to forfeit $950,000 after pleading guilty in September to aiding and abetting an unlicensed money transmitting business.

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