“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
Related posts:
California hunger strike: judge approves force-feeding of prisoners
ATM of the future: No cards, no buttons
DoJ Files Action to Collect Multiple 50 Percent Civil FBAR Penalties in U.S.A. vs. Zwerner
France Pays Price for Front-Line Role From Syria to West Africa
NSA Efforts Damaged U.S. Cryptography Standard
Police summoned, multiple schools locked down after man spotted carrying umbrella
France drops law that makes insulting the president a criminal offense
China Goes Gold Crazy. Why Now?
Retirement Savings Accounts Draw U.S. Consumer Bureau Attention
Gold price falls to five-year low on US rate rise talk
‘Prison Architect’ online game challenges players to build and maintain maximum security prisons
ISIS boast of slaughtering 1,700 Iraqi soldiers in ongoing rampage
Google reports ‘steady increase’ in gov’t requests for user data
Human breast milk has become a new luxury for China’s rich
Dutch central bank warns consumers to be careful with bitcoins