“They were required to post nearly $1 million in property as collateral. Assistant U.S. Attorney Serrin Turner said Shrem ‘has held himself out as a ‘Bitcoin millionaire” who was ready to flee rather than face charges that could put him in prison for nine to 11 years. Turner said the nature of the Bitcoin industry meant that Shrem had a ‘storage locker in the clouds’ with money to facilitate flight. He added that Shrem had traveled internationally 16 times since 2007, with most of the trips in the past two years to places including the Netherlands, Turkey, Panama, Aruba and Mexico.”
http://abcnews.go.com/US/t/story/men-charged-ny-silk-road-drug-prosecution-22224197
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