[2014-09-05] ToI: Bitcoin promoter pleads guilty to unlicensed use of currency

[polynesia]

Bitcoin promoter pleads guilty to unlicensed use of currency

http://timesofindia.indiatimes.com/tech/tech-news/Bitcoin-promoter-pleads-guilty-to-unlicensed-use-of-currency/articleshow/41742578.cms

Charlie Shrem, 24, pleaded guilty at a hearing in New York federal court to one count of aiding and abetting an unlicensed money transmitting business.

A co-conspirator, Robert Faiella, 54, separately pleaded guilty to operating such a business. Both men face up to five years in prison when they appear again in court in January.

[BTCIndia]

Bitcoin promoter pleads guilty to unlicensed use of currency

http://timesofindia.indiatimes.com/tech/tech-news/Bitcoin-promoter-pleads-guilty-to-unlicensed-use-of-currency/articleshow/41742578.cms

Charlie Shrem, 24, pleaded guilty at a hearing in New York federal court to one count of aiding and abetting an unlicensed money transmitting business.

A co-conspirator, Robert Faiella, 54, separately pleaded guilty to operating such a business. Both men face up to five years in prison when they appear again in court in January.

Lets hope people bringing Bitcoin to India aren't pleaded guilty in near future considering vague laws. :d

[franky1]

they did not plead guilty to being unlicenced. because bitinstant (the company charlie was involved in WAS licenced). charlie plead guilty to KNOWING that one of his customers was using funds for drug purchases