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Bitcoin Exchange CEO Charlie Shrem Arrested On Money Laundering Charge

Posted by samzenpus on from the paying-the-price dept.

An anonymous reader writes "Charlie Shrem, the chief executive officer of bitcoin exchange BitInstant, has been arrested and charged with money laundering. 'In the federal criminal complaint, the Southern District of New York charges Shrem, the 24-year-old CEO of BitInstant, with three counts, including one count operating an unlicensed money transmitting business, one count of money laundering conspiracy and one count willful failure to file suspicious activity report. Robert Faiella, a Silk Road user who operated under the name “BTCKing,” was charged with one count of operating an unlicensed money transmitting business and one count money laundering conspiracy.'"

6 of 330 comments (clear)

  1. Re:HSBC by torkus · · Score: 2, Funny

    No no no...as long as they strictly follow the "rules" they can do anything else that isn't specified without fear of recourse. There are some benefits to having a laundry list of stupid rules and regulations...you can easily play dumb about anything else. /sarcasm

    --
    You can get rich if you own a politician, but you have to be rich to buy one in the first place.
  2. Re:I was wondering when that would happen by mirix · · Score: 1, Funny

    Unless people want to turn bitcoins into actual money, of course.

    --
    Sent from my PDP-11
  3. Charlie Sheen arrested?! by funwithBSD · · Score: 1, Funny

    WINNI...

    Nevermind.

    --
    Never answer an anonymous letter. - Yogi Berra
  4. Re:BUTCOIN !! MONEY LAUNDERING ?? DUH !! by Anonymous Coward · · Score: 2, Funny

    Should have had Charlie Sheen as CEO. The business would've been running on tiger's blood!

  5. Re:And so it begins... by Blue+Stone · · Score: 4, Funny

    If they treat him the same as HSBC, he'll be OK. Slap a minor fine on him (5 weeks-worth of profit) and the government take their cut of the proceedings.

    Now, the government wouldn't treat individuals charged with wrongdoing differently to multi-million/billion dollar businesses, would they?

    --
    Corporation, n. An ingenious device for obtaining individual profit without individual responsibility. - Ambrose Bierce
  6. Re:I was wondering when that would happen by TsuruchiBrian · · Score: 3, Funny

    I guess there is no point in actually knowing anything when you have a bullshit detector. Nothing in life is ever counter-intuitive.