At the age of 22, Shrem was the CEO of bitcoin exchange BitInstant. While working at this company, he violated anti-money laundering duties by dealing with Robert Faiella, who supplied $1m in digital currency to people buying drugs on the now-defunct online marketplace Silk Road.http://www.coindesk.com/bitcoins-first-felon-charlie-shrem-begins-2-year-sentence/
Faiella, who went by the alias of 'BTCKing', was sentenced in January to four years imprisonment.
Both Shrem and Faiella entered plea bargains, agreeing to forfeit $950,000 each to the US government as a condition of their deals.
Thank you for the information. So he basically did not harm anyone and did do nothing wrong.