A 36-year-old poker player Bryan Micon, the man behind the Bitcoin poker site SealsWithClubs (SWC) that Nevada’s authorities closed in February, has agreed to plead guilty. Micon’s defines attorney Richard Schonfeld informed the court that his client is pleading guilty for running an unlicensed online poker room from Las Vegas.
Looks like Richard Schonfeld, from Las Vegas’ popular law firm Chesnoff & Schonfeld, convinced Bryan Micon that the deal is an “appropriate resolution” particularly after Ross Ulbricht was given exemplary punishment by the court in USA. Schonfeld added that his client may see the charge of “operating an unlicensed interactive gaming system” reduced.
According to him his client will ask the charges of “gross misdemeanor” be framed. Nonetheless, once Micon completes probation for time yet to be defined and paid a $25,000 fine, he can proceed with the plea bargaining which is a significant reduction compared to the $50,000 fine and up to 10 years of prison time that Micon risked until his appearance in court.
The renowned lawyer Schonfeld also explained that the deal with Nevada’s authorities will require his client to give up computers, $900 in cash, and a number of Bitcoins that were confiscated during a police raid conducted back on Feb. 11. Nonetheless, the deal will help Micon to reduce felony charges to a gross misdemeanor and avoid jail time.
Plea Bargaining Seems a well thought plan from Micon’s Attorney
It has come to notice that soon after the raid, Micon and his family left the US and went to the Caribbean island of Antigua. However, this week he returned to Nevada to face charges and was booked into the Clark County Detention Center. His decision to come back to the US was prompted by the arrest warrant issued by the court in Nevada.
Talking about the plea bargaining, Micon said:
I desire nothing more than to continue to be with my wife, raise my daughter, and continue to build layers on top of the Bitcoin protocol. The state of Nevada desires to take that away from me.
Currently, Micon is facing a gaming charge that is punishable by a maximum of 10 years in prison and a fine of $50,000. He is now released on his own recognizance and is expected to appear at court next week, where the plea deal will be either approved or rejected by the judge.
To contact the reporter of this story: Deepak Tiwari at email@example.com