Charlie Shrem to Forfeit $950K to US Government in Plea Bargain

By September 6, 2014Bitcoin Business

Shrem desk 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.

Reuters reported that both Shrem and Robert Faiella, a co-conspirator who pleaded guilty separately, both agreed to forfeit $950,000 to the government as a condition of their deals.

According to the New York Times , Shrem entered his plea in an unwavering […]

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