Plea deals are risk calculations - for both the government and the accused. For the accused, you weigh limiting your downside risk (longer prison sentence) against admitting to something you didn't do. And the government weighs possibility of losing at trial against securing an earlier but lesser conviction. But these pleas don't change the fact that the DOJ misinterprets Section 1960 whenever they accuse a noncustodial software dev of "transferring funds on behalf of the public." And they don't change the work we have to do: making sure the DOJ cannot continue to misapply this law.

Zack Shapiro
@zackbshapiro
07-30
SW devs pled to the unlicensed money transmission conspiracy, in exchange for dropping the money laundering conspiracy. Federal sentencing guidelines for the two charges together would have been 160-210 months, but the maximum for the money transmission charge is 60 (5 years).
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments