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Bitcoin Entrepreneur Charlie Shrem Reports to Prison
Charlie Shrem’s new home doesn’t accept bitcoin. The one-time bitcoin entrepreneur reported to federal prison on Monday to serve a two-year sentence for his involvement in what prosecutors alleged was a drug scheme involving his virtual-currency exchange and an online black market. Mr. Shrem, 25 years old, reported to the federal facility in Lewisburg, Pa., where he will serve his time in a minimum security camp that is adjacent to a high-security penitentiary, said Shawn Barlett, a prison spokesman. The camp holds 466 inmates, according to the U.S. Bureau of Prisons website. Mr. Shrem was one of the virtual ... (full story)