Charlie Shrem and Robert Faiella Indicted in Bitcoin Money Laundering

Federal prosecutors from the Southern District of New York have filed a four count indictment against Charlie Shrem and Robert M. Faiella. On January 27, 2014, Charlie Shrem and Robert M. Faiella were arrested by F.B.I. agents for allegedly engaging in a scheme “to sell over $1 million in Bitcoins to criminals bent on trafficking narcotics on the dark web drug site, Silk Road.” Since then, lawyers representing Shrem and Faiella engaged in discussions with prosecutors in a possible attempt to negotiate plea bargain agreements for his clients. Prosecutors delayed filing indictments in the case. Apparently, prosecutors are not satisfied…