Charlie Shrem Went To Jail One Year Ago Today
One year ago today, former BitInstant CEO and early Bitcoin proponent Charlie Shrem began serving his two-year prison sentence. The former CEO of BitInstant, a popular Bitcoin exchange in the early days of Bitcoin, was arrested at JFK airport in January 2014. He was just 24 year old. Later convicted of abetting more than $1 million in bitcoin sales to Silk Road users, and also cited as a Silk Road user himself, Shrem faced a detailed case against him. He was charged alongside Robert Faiella, who was known as BTCKing on the Silk Road.
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Charlie Shrem is released from prison; Ethereum successfully “hard-forks,” and the Bank of England may issue its own digital currency. Want to catch up on your latest crypto-news? Take a look at the stories below. CHARLIE SHREM. Bitcoin evangelist Charlie Shrem has been released from prison after serving one year of what was originally set to be a two-year sentence. Shrem was arrested at JFK airport last year after speaking at a Bitcoin conference in Europe. Shrem was charged for helping a BitInstant customer covert USD to bitcoin that would ultimately be used to purchase drugs through the....
Editor's Note: Charlie Shrem has responded publicly by clarifying that he has not been banned from any conferences. A misreading of events caused by verbiage which CCN profusely apologizes for initially printing. Shrem has responded to CCN inquiries from earlier today and will release a full statement on the happenings soon. CCN wishes Charlie Shrem the best of luck in his 9/22/14 trial, his case has been previously written about here. Charlie Shrem's favorite picture of Charlie Shrem. Embattled former Bitcoin Foundation member Charlie Shrem has faced his share of legal trouble with the....
An example of the dangerous goods sold on Silk Road. Photo via yum9me. Many people in the Bitcoin community were shocked when they heard Charlie Shrem was arrested for allegedly laundering money for drug dealers from the Silk Road, but the moral, and perhaps even the legal, case against him is rather weak. While the US Government will definitely try to make an example out of Charlie, it's unclear as to whether or not the average person on the street would agree that he should be thrown in jail for decades. While you could make the argument that Charlie should have known what was going on....
Former BitInstant CEO and Bitcoin Foundation board member Charlie Shrem was sentenced this afternoon to two years in prison after pleading guilty to aiding and abetting the operation of an unlicensed money transmitting business. Shrem will also serve three years of supervised release in addition to the prison sentence. Judge Jed Rakoff, who presided over the case, rejected the defense's plea for probation only, but stopped short of imposing a harsher sentence based on the charges at hand. Shrem acknowledged the illegality of his actions, stating in court: "I have no excuses for what I did.....
Speaking on Wednesday evening on a panel in Manhattan, former BitInstant CEO Charlie Shrem made some remarks with regard to his ongoing case. He was joined on stage by filmmaker Nicholas Mross, his brother Daniel Mross, and New York Times reporter Nathaniel Popper, following the premiere of The Rise and Rise of Bitcoin documentary. Shrem is, of course, accused of laundering nearly $1 million to users of the former Silk Road deep web marketplace. He was arrested at John F. Kennedy International Airport in New York in late January. (An alleged accomplice was also arrested around the same....