http://www.theregister.co.uk/2014/09/07/former_bitinstant_ceo_pleads_guilty_to_moneylaundering_charge/Former Bitcoin Foundation chair and BitInstant CEO Charlie Shrem has entered a guilty plea on charges that he operated an illegal currency trading operation, and will fork out nearly a million dollars to the US government, in a deal that avoids a trial that was due to start on September 22.
Shrem, who resigned his position at the Bitcoin Foundation in January following his arrest, has owned up that not only did he process transactions on behalf of the now-defunct Silk Road, but that he knew the online marketplace was a haunt of drug dealers.
