Winklevoss lawsuit claims Charlie Shrem stole 5,000 BTC from them in 2012

02 Nov, 2018
by Richard Allen
News
Winklevoss lawsuit claims Charlie Shrem stole 5,000 BTC from them in 2012

Founding member of the Bitcoin Foundation Charlie Shrem has been accused by Tyler and Cameron Winklevoss of stealing 5,000 Bitcoin (worth around $32 million now) from them in 2012, the New York Times reports.

The 28-year-old Bitcoin investor has bought two Maseratis, two powerboats, a $2 million house in Florida, as well as several smaller properties. In 2015, Shrem went to prison after pleading guilty to helping people turn dollars to BTC to buy drugs online, earning him the nicname 'Bitcoin's first felon'. He alleges that when he went to prison he had no money, so the question on the Winklevoss’s minds is how could he afford all the toys?

The twins suspect Shrem has been spending the Bitcoin that he’s owed them since 2012, which today would be valued at around $32 million.

“Either Shrem has been incredibly lucky and successful since leaving prison, or — more likely — he ‘acquired’ his six properties, two Maseratis, two powerboats and other holdings with the appreciated value of the 5,000 Bitcoin he stole from” the Winklevoss twins in 2012, the lawsuit unsealed in federal court on Thursday says.

Court documents have revealed that the judge who presided over Shrem’s earlier trial has agreed to freeze some of his assets.

Shrem’s lawyer, Brian Klein, said in a statement that “The lawsuit erroneously alleges that about six years ago Charlie essentially misappropriated thousands of Bitcoins,” he said. “Nothing could be further from the truth. Charlie plans to vigorously defend himself and quickly clear his name.”

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