Bitcoin promoter to face five years in prison for conspiring to sell Bitcoin

[tilray]

Charlie Shrem, twenty four year old co-founder and CEO of the Bitcoin exchange company BitInstant, is set to face five years in prison after reappearing in court, with his sentencing to take place on January 20. BitInstant was founded in 2011 by Gareth Nelson and Charlie Shrem with the aim of allowing customers to make purchases from over 700,000 vendors through Bitcoin, including Walmart, Walgreens, and Duane Reade.

More @ http://cryptoconspiracy.com/bitcoin-promoter-to-face-five-years-in-prison-for-conspiring-to-sell-bitcoin/

[commandrix]

I don't get it.  So anytime you intend to sell anything that has value, you could be convicted of "conspiracy to sell?" 

[The Bitcoin Co-op]

I hope that one day I'll be important enough to be arrested for selling bitcoins, too. I would frame the indictment and put it on my wall.

[vabtc]

This is GARBAGE media. Your articles are full of half facts, and sorely lacking in actual data.  Bunch of What-ifs and FUD.  Did you even read the complaint against Shrem or the Florida guys?  They weren't arrested "for selling bitcoins".

Please GTFO. Worse than Fox News.

*adds cryptoconspiracy.com to blacklist*

[Keyser Soze]

Stop posting this crap like it is an actual story. Anyone can make up a story for this site.

I have launched a brand new website which will let guests post stories relating to bitcoin, litecoin and any alt coins but we prefer more of the conspiracy stories that add some drama and twists to everything , please visit us at http://cryptoconspiracy.com/submit-story/ and share something exciting!

All stories are approved within 1-2 hours

http://cryptoconspiracy.com

 

[LiteCoinGuy]

Stop posting this crap like it is an actual story. Anyone can make up a story for this site.

I have launched a brand new website which will let guests post stories relating to bitcoin, litecoin and any alt coins but we prefer more of the conspiracy stories that add some drama and twists to everything , please visit us at http://cryptoconspiracy.com/submit-story/ and share something exciting!

All stories are approved within 1-2 hours

http://cryptoconspiracy.com

 

post in the press-section.

[awesome31312]

See kids, this is why you conceal your Bitcoin addresses

[DannyHamilton]

Code:

+----------+
|  PLEASE  |
|  DO NOT  |
| FEED THE |
|  TROLLS  |
+----------+
    |  |   
    |  |   
  .\|.||/..

plonk!

[CryptoCarmen]

Please GTFO. Worse than Fox News.

ha ha ha

[bitcoinbear]

He did not really conspire to launder, but with so little requirements on such a site, it was bound to happen, maybe he was actually ignorant to this?