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In light of his arrest and conspiring-to-launder-money charges, BitInstant Charlie Shrem has stepped down as vice chairman of the Bitcoin Foundation.
The BitInstant CEO Charlie Shrem together with Robert M. Faiella were arrested and the current accusations of breaking several federal laws include money laundering, turnover of narcotics and support of criminal activities.
As reported yesterday, BitInstant CEO and Bitcoin Foundation Vice Chairman Charlie Shrem was arrested at JFK Airport in New York and charged with conspiring to launder money.
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