Bitcoin Multimillionaire Ex-Con Stopped Driving Maserati With Expired Tags

Charlie Shrem, 33, was born in Brooklyn, New York. A graduate of the Yeshiva of Flatbush high school, Shrem founded the now-defunct BitInstant, and is a founding member of the Bitcoin Foundation. He is also a federal ex-con.
According to a 2019 New York Post article based on a then-new book by Ben Mezrich, when Cameron and Tyler Winklevoss attended a 2012 meeting about Bitcoin, they were expecting a professional introduction to a business opportunity in cryptocurrency. Instead, they got, as the Post put it: "...a 22-year-old Orthodox Jewish stoner living in his parents’ Brooklyn basement. Charlie Shrem was the founder of BitInstant, one of the first firms to buy Bitcoin for clients. In his Midtown office, with weed paraphernalia on every shelf, he kept three bongs on his desk - and was toking from one as he met the millionaires. “Welcome to the ‘Bakery,’ gentlemen,” said Shrem."
On January 26, 2014, on returning from an e-commerce convention, Shrem was arrested at John F. Kennedy International Airport. Prosecutors alleged that Shrem and Robert Faiella conspired to launder $1 million worth of bitcoins to help users of the Silk Road darknet marketplace anonymously make illegal purchases. Shrem was also charged with failing to report suspicious banking activity and operating an unlicensed money-transmitting business. Two days later, Shrem was released on $1 million bail, which included electronic monitoring, and a requirement that Shrem live with his parents. It was back to the basement for Shrem.
On April 10, 2014, Shrem was indicted on accusations of "operating an unlicensed money transmitting business, money laundering conspiracy and willfully failing to file suspicious activity reports with banking authorities." On September 4, 2014, Shrem pleaded guilty to a reduced charge of aiding and abetting unlicensed money transmission. On December 19, 2014, Shrem was convicted ordered to forfeit $950,000, and sentenced to two years in prison. He surrendered to authorities on March 30, 2015, and subsequently entered Lewisburg Federal Prison Camp in Pennsylvania. He was released from prison on September 16, 2016.
According to Wikipedia - which lists the wrong release date for Shrem's prison stint - in September 2018, the Winklevoss twins sued Shrem for $32 million, claiming that he stole thousands of bitcoins from them in 2012. An affidavit filed in that case suggested that the $950,000 restitution required in Shrem's 2014 conviction had not been paid. In 2019, a judge overturned an order freezing $32 million of Shrem's assets, ordered the Winklevoss twins to pay Shrem's legal fees, and the case was dismissed.
In 2017, Shrem joined Jaxx and served as its chief operating officer, subsequently founding the cryptocurrency advisory firm CryptoIQ.
An impressive post-prison turnaround... but why hasn't he registered his car?
/r/realworldpolice
@realworldpolice
‪@WhatYouHaventSeen‬​

[@ZachTheRantingGuy]

This is a great compassionate officer. We need more like him.

[@briantheguy1]

95% are. It's only the 5% that make the news.

[@nimitz1739]

@@briantheguy1 more like 77% on the low side to as high as 85% Ppl who crave power trips and control aim for the jobs where they can have power and control over ppl. And what jobs are that? Law enforcement. Unfortunately a large portion of all law enforcement is corrupt in one way or another.

[@SavageFrenchies]

@@nimitz1739 I dunno man I’ve been arrested a few times in my life. I guarantee I have dealt with way more cops than you and all have been super cool but one. I’ve even had them apologize to me for pulling me over. Like literally say “I apologize for pulling you over sir” All I did was talk to them like I would anyone else.

[@nimitz1739]

@@SavageFrenchies Just because you personally have had good run ends with cops don’t mean that only 5% are bad. And I have also had a few run-ins with the law and only come across one bad cop. Your personal experience has nothing to do with the actual statistics. Believe what you want tho

[@urmomsfriend4909]

@@SavageFrenchies that’s bc cops are cool w yt dudes.

[@justinbrowning2079]

This is the most cordial Interaction ive seen from a traffic stop. Let alone by a rich man and officer

[@jerseythedog]

This officer is an asset to his community and his department. Outstanding work is being demonstrated right here by an exemplary professional.

[@dominicpaoletta3766]

Nerd

[@randylahey2242]

How is it outstanding? He was just reasonably kind to a member of the public and did his job lol this should be the base standard.

[@jerseythedog]

@@randylahey2242 it should be. We are on the same page.

[@SuperHusky83]

That interaction was amazing. The officer's statement about "your life is important..." is oustanding.

[@OhioStateBuckeyefanstuckinMI]

It would be easier for the police to be like that if more citizens acted like this guy did

[@2vcrew782]

💯 you get out what you put in Two way street

[@drdream123]

Police don't mistreat rich people who can get lawyers to defend themselves

[@SharvinNP]

It's sad that most people don't understand this. Many interactions with the police that have gone bad and went viral on the news could have been avoided if people just cooperated with law enforcement.

[@OhioStateBuckeyefanstuckinMI]

@@SharvinNP Exactly. And if anything is unjust like a bad arrest or something it’s all on video. That’s what the court of law is for. If the police do something wrong take them to court don’t fight them on the side of the road.

[@3dsmaxrocks699]

@@drdream123 Wrong! LOL

[@hotsoup1001]

Life had definitely humbled him it seems, at least from what we see in this brief interaction. He was polite and respectful to the officer.

[@ZMAN_420]

Of course he was, he is smart. Smart evil ppl are the people that SCAM folks out of their life savings.

[@joutoob9]

He was also probably stoned out of his gourd, and didn't want any trouble. (read the video Description above) He said absolute minimal words during the interaction. He was polite and respectful to the officer. Hey, whatever works!

[@BetterEveryDay696]

Very cool cop. I like how he said at the end I hope you live a long life, that was actually really compassionate. A+ for this officer.

[@formhubfar]

What a really nice cop.

[@ThePrufessa]

Not yelling loud enough

[@Woozlewuzzleable]

Too nice, I thought he was going to tell him a bedtime story and then kiss him goodnight.

[@ContinualStroke313]

Non black pull over is why.

[@formhubfar]

@@ContinualStroke313 You dont get invited to many parties do you?

[@nates.4552]

@@Woozlewuzzleable lmao

[@x86_architecture10]

Wow, what a nice interaction! Especially love how the officer says "People care about you, and we don't want you to hurt yourself, or get someone else hurt.".

[@EmanueleNusca]

Infact he didn't, so they fine him... lol

[@massey4business]

@@EmanueleNusca They have to. It's the law.

[@EmanueleNusca]

@@massey4business it’s a law we never negotiated or signed for expressly.

[@RoyBruce007]

What if a mother duck and ducklings were crossing the street, sir. 😅

[@EmanueleNusca]

@@RoyBruce007 barbecue.

[@hivemindconcussion2173]

This officer would make me want to write a letter of apology and volunteer 500 hours of community service. 😂

[@SuperNovaHeights_]

I don’t know about 500 hours but maybe a half hour

[@pdxnate3314]

This cop is the gold standard of what an officer of the law should be. Protect and serve, which is exactly what he was there to do.

[@Hugh-Glass]

I'm sure if you had full knowledge of his career you would see him overlook abuse by fellow officers, lied to people in an attempt to hand cuff them and fudged police reports to cover bad officer conduct and "enhance" charges of an arrested party who is disrespectful. Any cop of a few years service is guilty of all of that bare minimum. You can get angry and call it BS but that's the truth.

[@brandongriffey9474]

@@Hugh-Glass source?

[@Hugh-Glass]

@@brandongriffey9474 called common sense and 22 years of litigations.

[@ronaldweasley6175]

because he gets to ride his motorcycle on the beach all day, he’s got the dream position, of course he’ll be a great dude

[@maryford2761]

@@Hugh-GlassMaking a blanket statement covering ALL law enforcement officers is ridiculously obtuse. It would be like my saying that all attorneys pad their bills, due what’s expedient for themselves and not their client, go to court unprepared and make side deals with opposing counsel because they just want a quick out. It’s all about the payday

[@30-ARealEstate]

That cop clearly really cares about his city. The people driving in it, and those working the dangerous roadways to improve it. His outlook on life is that it’s precious and it can end in an instant. This guy can pay the ticket in a snap but it’s more about the lesson learned.

[@donkeyshins5736]

Wow you must know the cop personally with a story like that

[@30-ARealEstate]

@@donkeyshins5736 I am the cop. So

[@donkeyshins5736]

@@30-ARealEstate will you pull me over and give me a good talking to about the beauty of life

[@30-ARealEstate]

@@donkeyshins5736 bro anytime. I’ll even tase you. Free of charge!

[@donkeyshins5736]

@@30-ARealEstate I want the baton beating

[@grizzlybeard8368]

Love this officer's demeanor. It's refreshing to see someone being caring and calm. True professionalism.

[@coldplay3488]

yup wish more cops were like this.

[@andyprice4696]

Really nice, reasonable, professional officer.

[@SS-gx7tg]

Same for the driver. A shame this channel used a clickbait title to smear him in hopes of drumming up more views.

[@FTWLiveMusicScene]

It's amazing how easy traffic stops can be with mutual respect & cooperation

[@trippplecup1563]

Things usually go south when cops pull the let me search your car or start to power trip. That’s when people tend to flee. And things escalate.

[@FTWLiveMusicScene]

@@trippplecup1563 If you've got nothing to hide then it should be fine, it's the scum that has to worry & flee

[@coldplay3488]

@@trippplecup1563 exactly. people think just cooperation and you’ll be fine works… always cooperate. but don’t see one good video and use it against people who face police brutality and blame that they don’t cooperate.

[@MrEaston00]

What a great cop!

[@ririr2]

he's actually a piece of it, but Charlie is super cool!

[@msstarlight4770]

It's awesome how detailed your video descriptions can be. I really appreciate that, thank you and happy new year.

[@elkillerx]

Amazing officer!! Wish we had more like him

[@Suilebheinn]

My favourite intro music of any YT channel. Don't change it. 💜

[@cynical_americano_redux]

fr it's so comfy

[@-Jethro-]

But what is it? I can’t find it anywhere.

[@downfromtherafters1013]

Nice interaction on both parts. All stops should go this way.

[@flat6fever680]

The well written description has me liking and subscribing. You really do your research!

[@joeymac221]

Okay, this police officer has to be the nicest officer on the planet!

[@nadineduncan2678]

This officer was amazing well done sir

[@natalia-grace]

I thought it was Jeremy DeWitt pulling him over 😂

[@arnst19]

Maserati's are for people who know nothing about cars.

[@MomentsInTrading]

“My Maserati does 185. I lost my license now I don’t drive”

[@funky-landscaper]

Who could ever predict 45 years later these lyrics would appear in the comments section of a KZbin video via body cam.

[@bwofficial1776]

Joe Walsh must have had a metric speedometer because no Maserati could go 185MPH for another 15 years.

[@LHyoutube]

Surprised he didn't ask whether the fine payment options included Bitcoin! 😂

[@josephguilfoyle9356]

Wow what a GREAT POLICE OFFICER 💯 great guy

[@LancerX916]

He was lucky. Here in California if it's past 1 and a half years they tow the car. Plus, when I lived in FL, it was super cheap to register your car. Was $35 a year all 10 years I lived there. No excuse not to have it registered.

[@tinicoleofficial]

Bingo

[@michaelmccarthy4615]

Don't forget California's rigorous bi annual emissions testing or smog test.... If someone hasn't stolen the catalytic converter.

[@nycoolj3]

@@michaelmccarthy4615 we don’t have those tests anymore in WA

[@anthonygonzales3125]

Dude and here in California depends on the car of course, but man a 2018 civic is $400 for tags! Had to renew them this year!!

[@michaelmccarthy4615]

@@anthonygonzales3125 California pick up trucks are the worse for high registration costs. With weight fees they add on.

[@BOSTON-CRACKHA]

Why can’t all cops be like him? He seems to truly care about his community.

[@coldplay3488]

because there’s a difference between a cop joining the force to keep his community safe and a cop who joins the force to feel a sense of power.

[@ChainsGoldMask]

What a lovely officer. A++

[@kennykluge9912]

One of the coolest cops of all time! If everyone conducted themselves like this Samaritan or officer, we'd never see body cam footage on KZbin because all the encounters would be so cordial and over quickly

[@kp5209]

Nice officer. Gentleman.

[@vladimpaler9274]

It's only expired 2 years 🤷

[@formhubfar]

Ya just cant please some people, always nit picking.

[@bullbutter2931]

When you have multiple cars it happens

[@omgDavidGlasper]

@@bullbutter2931 It should be even easier to remember because of your birthday month.

[@HealingHappyAli]

Government facilities are still backlogged from Covid though. Look how long passport renewals and Real ID appointments are taking just to get in, at least for those states that hung on as long as possible to every mandate.

[@joevk6274]

His Maserati does 185. His tags expired, so he shouldn't drive.

[@nobodysdifferent]

Great interaction , both parties very respectful . Sucks he had to use his phone while driving...

[@scottulrich2725]

Two years expired -- impound the car.

[@joeygonzales9301]

Great cop man, started and ended off on a good note! ALL OFFICERS READING!!!!!!! FOLLOW IN HIS STEPS AND NOT BE SUCH A ‘GANG’

[@Candigale]

Two years? That one guy had his truck towed for not being registered for 10 years and had the biggest temper tantrum I’ve seen over any toddler.

[@Seventy_6]

What a lovely mannered police officer!

[@dave11686]

I like this cop😊

[@Jnsfyu]

1:50.. Its funny that he mentioned school zone and construction then declared that they didn't want the workers or him to get hurt... But what about the children!? lol

[@tannershanksftw]

Also noticed that. Made me go 🤔.. Lmao

[@arekay6014]

Because going to school is work. The students are workers themselves.

[@SemperVestibulum]

Well he wasn't in a school zone, so workers were the ones that could have been hurt by his actions.

[@Tyler_J_Cook]

Not just the men, but the women and the children too!

[@marcmo7138]

@KamtzyGFX Now days you have to include everybody or else they get triggered. Not my word but the easily offended, soft people's.

[@snowmonster42]

"My complacency is the worst part." Interesting response. I wonder who he was really talking to.

[@BouncinBrandon]

Thats probably the kindest officer I've ever heard

[@dustyfarmer]

Why wasn't the car registered? The owner has more dollars than sense.

[@cp368productions2]

At this point in his life I don't think many people give a damn about whether he gets hurt in an accident. You can tell that from his face.

[@Hallahanify]

What do you have against him?

[@michaelmccarthy4615]

Did you read the description? White collar criminal.

[@Hallahanify]

@@michaelmccarthy4615 I am familiar with him. I used to use his service. He was just a naive kid with libertarian ideals.

[@JunkBondTrader]

dude is filthy rich. He's at a seemingly good point in his life. His ideals seem to have paid off in the end.

[@bdbeats7209]

What a wholesome officer

[@CulturedWhiteBoy]

"One solid line: You can pass other vehicles or change lanes, but you can only do so when obstructions in the road or traffic conditions make it necessary."

[@RiverGreen]

Love the nacho libre music in the beginning

[@The.Nasty.]

Wow, I wish everyone could be this civil and downright nice. The world would be a better place.

[@TouchofDepth]

A billionaire yet he buys a Maserati... Money doesn't buy good taste

[@siouxscout]

Ohhh this is what happens when you don't fight, yell, argue(even when you know you did wrong) or run from your ticket?

[@lorricannon189]

What a great asset to this Police Department & the Citizens in this City. He was so nice & he was able to politely explain to the driver what he did wrong & what can happen. For him to say people love & care about you was so sweet. You never know what that a person might be dealing with whether rich or poor & his compassionate words could have been the nicest thing anymore has said to that driver all day, week or month. Some Police Officers might look @ his expensive car & be envious or angry bc of his infractions therefore treating him more harshly. Great work & I adore this Officer! 👮 Ontario, 🇨🇦

[@Olds_Gold]

A textbook stop! Every new officer should watch this

[@mcbrowniealoha]

Damn havent heard of the Silk Road in a while

[@SarasotaRainBarrels]

Sarasota, Florida. Spotted it instantly!

[@jeffstarchuk8822]

Yes what an awesome police officer! Like why can’t it be that easy in Canada !

[@oliveryt7168]

Reading the video description is really worth it xD

[@AndrewMalkin]

A solid white line means that it is advised not to change lanes. A solid yellow line or two solid white lines mean that changing lanes is not allowed.

[@Lens_lores]

Just started driving and this reminded me of line rules. Thanks

[@grumpyyoda1137]

Being in a construction zone changes that. The officer is correct.

[@lugoismad]

man, I gotta say, that cop was nice and honest with the guy. He needed to hear what the cop said. You can get hurt, you can hurt others, and others don't want you hurt. Sometimes people need a little tough love.

[@LouSheppard]

Thanks for the opportunity

[@willb9259]

I don't usually like cops but this dude was pure class👌🏿

[@Candigale]

People who don’t like cops are either criminals or love a criminal, based on my 50 years of life. 😝

[@remodz6385]

Why wouldn’t you “usually” like cops? Do you encounter them randomly in person throughout your life?

[@michaelmccarthy4615]

the cop didn't smell weed....

[@chrisg5894]

As I voice text this while driving…..Perhaps he can pay his ticket with some of his Monopoly money

[@firemanjeffgg2440]

And that's how you are suppose to act when pulled over by police. None of that reaching, evading, endangering, or any other bs.

[@Blake_Drago]

We can all say we thought it was “Jeremy Dewitt” from Metro State pulling dude over 😂😂

[@motivationindrive8514]

What does ex convict have to do with anything lol and where did that information even come up😂

[@ajjacobs7185]

Right. Man who runs this channel just being judgemental to be judgemental.

[@DroneAndBimmerGyal]

What a lovely man. Police officers like him are the finest dealing with autism and autistic meltdowns. Proper guy.

[@IDABAYAREA650I]

*Yeah I respect cops like that, unlike those power hungry think they are the law and treating you like a Peasant*

[@peepla7]

That was amazing, now if he does it again someone else is going to be driving his Maserati ....to the tow yard.

[@mistapushy]

I LOVE my hometown of Sarasota, FL! The cops are reasonable if you don't pull off and run away, always!

[@julieheilman2065]

Why can’t all can be that cooperative?

[@mrearlygold]

Great cop!

[@chrisreeves4388]

Finally! Motor One issuing a genuine ticket!

[@MGdawg10000]

Good cop

[@tiredoldmechanic1791]

So many people don't know that you aren't suppose to cross a solid painted line.

[@elicohen5073]

Excellent policing

[@McMillen330]

Excellent interaction on both parties. That being said, officer is patrolling in a beautiful place that is booming, man is wealthy enough to where regardless he knows his offense costed him nothing more than lunch money. Detroit, Cleveland, Chicago, NYC, etc. I mean it’s a little different purely based on environment. So it’s hard to say all officers and people should act this way like it’s a perfect world. Just my observation. Great video tho

[@Luxetveritas11]

Lol the driver couldn’t care less.

[@horst-detlefkrawutschke8469]

Hey, could someone PLEASE tell me the name of the music in the intro? Thats my 518th comment asking that question and not a single reply 😐

[@diesel4533]

This guys great!

[@Imbalina]

see how smooth this went? just give the ID and cooperate. and ur on ur way.

[@c10wnbaby22]

Black people will learn it's just they usually have guns and stuff with them

[@ayybibi]

@@c10wnbaby22 ur weird

[@philly_t7711]

All I have to say is…”it’s Gala! GALA GALA GALA”

[@Jimi_Neutron]

Well done officer

[@trippplecup1563]

Look what happens when the driver is calm and the officer isn’t barking orders at you on a power trip trying to search your vehicle because you blinked to many times and now youre suspicious

[@ItsDevlcon]

I hate to say it but this guy is not going to care about a couple of traffic tickets lol.

[@jeffhemmen9088]

This con man just got pulled over by Jeremy Dewitt's of Metro State.

[@milena7043]

What an awesome police officer 👏 👌

[@sk8ordielh]

Great officer

[@mellisabakker8524]

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Maryjane Davies focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

[@henrysimon7213]

I'm surprised you know her too, I've been making a lot of profit investing with her for a few month now.

[@michaelparas1499]

As a first time investor i started trading with Mrs. Maryjane Davies with just a thousand bucks. My portfolio is worth much more than that now within just weeks of trading with her.

[@marklingard7705]

I'm new at this, how can i reach your broker

[@mellisabakker8524]

She's very active on (telegram)

[@mellisabakker8524]

[@ThatWrapperDude]

I love that we thank officers for taking money and time from us. So funny. And the fact of what ifs should never come into play. We could what if anything and everything. What if you’re on your phone and you wreck. Well then we have a wreck. But I didn’t wreck so it’s not a big deal

[@urmama9845]

The phones and driving are out of control. Not this guy in particular but in general.

[@Mo_Taser]

Well, I guess they can't all be winners.

[@cheeseburgerbigmacwopper]

Love ya RWP

[@chrissymarie4328]

Silly goose tag expired for 2yrs 🤦‍♀️

[@EyeMaMoeRahn]

Can’t wait for the full stop of 19 year old impersonating

[@popcorn5130]

Texting while driving def deserves a ticket... but if only the cop knew that changing lanes over a solid white line is not illegal (which is likely why it was only a "warning" ). I tried citing sources that prove this, but my comment got deleted, so you'll have to do your own research. ;)

[@davidweaver2156]

Sorry you are wrong, you can only cross a solid white line to avoid hazardous conditions within your lane. This is true in all states. Florida also uses a double solid white line. I have been a professional driver for over 20 years and it's only broken lines where it's legal to change lanes

[@popcorn5130]

​@@davidweaver2156 YOU are wrong. Sorry. DOUBLE solid white line has nothing to do with a single solid white line. ;) I truly hoped you would actually do some simple research to confirm... but apparently that was too much to ask. I was a Police Officer for 20 years - not in Florida, but all states abide by the same guidelines in the Manual on Uniform Traffic Control Devices (MUTCD) - and, in my state, there isn't even a traffic law that addresses solid white lines at all (and I couldn't find one for Florida). The Florida Driver Handbook does say that solid white lines shouldn't be crossed except for hazards, but I could find no law to back that up - it kinda just goes along with the indication in the MUTCD that solid white lines are to be used to "discourage" lane changes, not prohibit them. There are some things that are indicated in my state's Driver's Manual but they aren't enforceable because there is no statute that corresponds to those indications, so they are merely suggestions. (I hope this comment doesn't get deleted for this, but... see article "SOME FLORIDA TRAFFIC LAWS PUZZLE NEWCOMERS" (it's older but still relevant) and "What's Driving You Crazy: The rules of solid white lines on city streets, interstates" (it's Colorado but indicates it pertains to ALL states).) If you can find an actual Florida statute to back up your assertion, please provide it. I could find nothing, and Florida law (not just what is in a handbook) on solid white lines should align with the MUTCD, which is universally adhered to on most subjects.

[@popcorn5130]

@@davidweaver2156 In the MUTCD, you'll find this several times: "1. A wide solid double white lane line where crossing is prohibited. 2. A wide solid single white lane line where crossing is discouraged. 3. A wide broken single white lane line where crossing is permitted." and you'll find: "A STAY IN LANE (R4-9) sign (see Figure 2B-10) may be used on multi-lane highways to direct road users to stay in their lane until conditions permit shifting to another lane. Guidance: If a STAY IN LANE sign is used, it should be accompanied by a solid double white lane line(s) to prohibit lane changing."

[@pvtdraco]

Cops are always on laptop and phones

[@popcorn5130]

@@pvtdraco Ha! Cops are exempt from that law, so keep whining with no basis. LMAO!

[@Rascofresco11]

99% never happens in FL, he’s lucky it wasn’t a Trooper

[@deborahwingard776]

What is with the sound?

[@toupac3195]

The title is confusing. I'm just a poor factory worker and have everything legal. Life is good without being a criminal.

[@JunkBondTrader]

Traffic violations dont make you a criminal. And his prior charges have nothing to do with the video. Good for you though.

[@Snafu_FCUK]

This Music🤣

[@omgDavidGlasper]

Maybe its put him in the system if he register it? Has to be. Two years he hasnt registered it? Hes hiding something .

[@crewcrew21]

Nah man Charlie is an OG bitcoin guy, rich as fuck. Prob was in a chauffeured car for past two years. Now that btc has collapsed he’s driving himself lmao