Bitcoin promoter pleads guilty to unlicensed money transmitting
NEW YORK, Sept 4
NEW YORK, Sept 4 (Reuters) - Bitcoin promoter Charlie Shrem pleaded guilty on Thursday to operating an unlicensed money transmitting business, resolving U.S. charges that he helped to sell more than $1 million of the digital currency to users of the illicit online drug marketplace Silk Road.
Shrem and his accused co-conspirator, Robert Faiella, pleaded guilty at a hearing in New York federal court as part of a deal struck with prosecutors from the office of Manhattan U.S. Attorney Preet Bharara.
(Reporting by Joseph Ax; Editing by Diane Craft)