Charlie Shrem, who plead guilty to one count of aiding and abetting the operation of an unlicensed money transmitting business as part of a plea deal struck with prosecutors from the office of Preet Bharara back in September of this year, has been sentenced to two years in prison for his crimes.
Tweeting about his sentence, Shrem said:
I've been sentenced to 2 years, to self surrender in 90 days. Considering I was facing 30 years, justice has been served. #Bitcoin
Shrem's crimes consisted of facilitating the purchase of bitcoin by users of the Silk Road via intermediary Robert Faiella AKA BTCKing. Shrem failed to file a single suspicious activity report which the US Justice Dept. believed was a deliberate attempt on the part of Shrem to assist Faiella avoid BitInstant's AML and KYC rules.