In a bizarre plea deal reached between Florida resident Pascal Reid and prosecutors, the accused will be educating various law enforcement agencies about Bitcoin. Reid was arrested in February last year, along with co-accused Michel Abner Espinoza, on charges of money laundering and unlicensed money transmission using bitcoins. Reid potentially faced up to several years in prison. As part of the plea deal, he pleaded guilty to unlicensed money transmission and will serve only 90 days in prison, and will be credited with time already served between February 7 and March 14 last year.
The highlight of the deal is his expected participation in law enforcement education about digital currency. Training sessions Due to its status as one of the first cases of its kind , the Bitcoin Foundation had filed a motion in August of last year arguing that Florida Statute Reid did not respond directly to requests for comment as of press time.
For more information, read an initial draft of the plea agreement below: Pascal Reid Plea Agreement Initial Draft Handcuff and gavel image via Shutterstock. Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups.
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