How a Bitcoin Mogul Helps Charlie Shrem Speak Freely From Prison

How a Bitcoin Mogul Helps Charlie Shrem Speak Freely From Prison

Charlie Shrem. The man, the myth, the convict. Before there was Ross Ulbricht, Charlie Shrem was the most famous convicted felon in Bitcoin’s short history. The outcries for him and his possible innocence have died down, but his life’s story lives on, behind the bars of a federal prison in Lewisburg, Pennsylvania. His crime? He was found guilty of conspiring to launder $1 million worth of bitcoins to help users of the Silk Road marketplace anonymously make illegal purchases. Is this the end of his story as a man of influence within the Bitcoin community? Not at all. A promising Bitcoin....


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Charlie Shrem, former CEO of early bitcoin exchange BitInstant, has been released from prison after serving a sentence for money laundering and unlicensed money transmission. Shrem Released From Prison. Shrem announced his release (which actually happened a few weeks ago) in a blog post on his home page, titled “Onward.” In the post, he said he and his partner Courtney were living temporarily in southern Pennsylvania, and that he was enjoying “all the small things I missed while I was away.” Shrem thanked the people who supported him and communicated with him while he was in prison,....

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Once the Vice Chairman of the Bitcoin Foundation and CEO of BitInstant, Charlie Shrem's fall from grace, began at JFK airport in New York where police arrested him on charges of money laundering and acting as an unlicensed money transmitter. Authorities alleged Shrem laundered more than $1 million. Shrem faced a maximum sentence of 30 years in prison. Shrem's true story starts with BitInstant and his nightlife lifestyle via his Bitcoin accepting club in New York. Shrem was ultimately sentenced to two years in prison for Silk Road related charges. U. S. District Judge Jed Rakoff in....