Bitcoin millionaire in Pennsylvania prison

Charlie Shrem is in jail.

So, I’m going to prison. http://t.co/yFWlxcj4JP #Bitcoin

— Charlie Shrem (@CharlieShrem) March 12, 2015

Apparently the Bitcoin millionaire, founder of BitInstant, has every intention to keep working as a Bitcoin entrepreneur from behind bars. According to Upstart Business Journal, he made productive use of his time under house arrest at his mom’s place. Shrem will have limited contact with the outside world and will mostly put it to use continuing to advance Bitcoin for a profit:

Based on Shrem’s time under house arrest, this contact with the outside world could be rather productive. He worked as a consultant for Payza, Decentral.tv and others, helped pilot bitcoin payments at the Holiday Inn, and earned a healthy paycheck while doing so.
Last September Shrem, who founded New York City-base BitInstant in 2011 and raised $1.5 million in venture capital, plead guilty to charges related to operating an unlicensed money transmission business.

Letters to Shrem can be sent to the following address. He’d like it if you sent him printouts of informative stories about Bitcoin, but keep your envelopes under 4 ounces.

Charlie Shrem
Reg. No. 92164-054
USP Lewisburg Satellite Camp
P.O. Box 2000
Lewisburg, PA 17837