BitInstant CEO Charlie Shrem Released on $1 Million Bail
On Monday it was reported that BitInstant CEO Charlie Shrem was arrested at John F. Kennedy International Airport in New York City on suspicion of involvement with Silk Road - the now infamous online 'underground' drug marketplace. Shrem is suspected to have been money laundering, with ties to Silk Road by selling over $1 million in the digital currency to users of the marketplace. In addition, charges on Shrem include operating a money-transmitted business without registering with FinCEN - the United States Treasury's Financial Crimes Enforcement Network. "At this point the allegations in....
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BitInstant CEO Charlie Shrem has today been released on bail following a court appearance. Shrem appeared before the US District Court in Manhattan this morning, walking out shortly after on a $1m bond. The CEO was arrested at New York's John F Kennedy International Airport on Monday. He faces serious money laundering charges, brought by the US Attorney's Office in Manhattan. Shrem is anything but a free man at this point. Under the terms of the bail agreement, he will remain confined to his parents' home in Brooklyn. Assistant US attorney Serrin Turner opposed bail, arguing that Shrem has....
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....
Charlie Shrem was formally indicted on April 10th. Three months ago, Charlie Shrem, the former Vice Chairman of the Bitcoin Foundation and CEO of the now-defunct BitInstant, was arrested in New York on charges of money laundering and acting as an unlicensed money transmitter. The allegations against Shrem were that he laundered over $1 million in bitcoins for users of Silk Road - the illegal online drug marketplace that was shut down by the FBI back in October 2013, and that he wilfully neglected to report unlawful transactions that were conducted through BitInstant by Robert Faiella, a....
Charlie Shrem has been released from prison and is quite happy to be out. In a blog post written on his personal website, he thanked the hundreds of people who showed him support while being locked up in Lewisburg Federal Prison Camp in Pennsylvania. Former BitInstant Co-Founder Charlie Shrem Is a Free Man. Charlie Shrem, co-founder of the now-defunct....
Following the news on Monday that BitInstant CEO Charlie Shrem was arrested in New York on suspicion of selling over $1 million worth of bitcoin to users of the now-defunct Silk Road online drug marketplace, and today's news Shrem has been released on bail, the Bitcoin Foundation has released a statement on the allegations against the 24-year-old. "We are both surprised and saddened to learn of these allegations. The foundation does not condone illegal activities and values transparency, accountability and a high level of responsibility towards its members and overall community," the....