Bitcoin promoter gets two years prison over illicit money transmissions

Reuters News
|
Posted: Dec 19, 2014 4:19 PM

NEW YORK (Reuters) - 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.

(Reporting by Nate Raymond; Editing by Tom Brown)