Federal officers Monday charged an in-house compliance officer and another executive of a Bitcoin exchange company with money laundering and other felonies. It is believed to be the first time a company’s compliance officer has been charged with a crime related to Bitcoin, the Internet-based alternative currency.
Charged [PDF] was Charles Shrem IV of New York, who served as a chief executive and compliance officer at BitInstant. Shrem, who apparently is not a lawyer, was arrested yesterday at John F. Kennedy airport in New York and couldn’t be reached for comment.
