Home / Finance News / Charlie Shrem Wins Latest Battle in Winklevoss Twins $32M Lawsuit

Charlie Shrem Wins Latest Battle in Winklevoss Twins $32M Lawsuit

Charlie Shrem scored a very powerful first function in his ongoing felony fit towards the Winklevoss twins. A pass judgement on has lifted a previous order which froze Shrem’s assets, in the $32 million case.

The Mighty Thaw

As Bitcoinist reported last week, the Winklevii are pursuing Shrem for $32 million bucks over an alleged five,000 stolen bitcoin. The dispute dates again to 2012 when the twins gave Shrem $250,000 to shop for bitcoin for them.

The lawsuit alleges that Shrem simplest delivered $189,000 price of bitcoin, and retained the opposite $61,000 price. This equates to 5000 or so bitcoin, valued at over $32 million at nowadays’s costs.

A pass judgement on (the similar one that presided over his ‘Silk Road’ trial), closing month iced up a few of Shrem’s monetary belongings. This order has now been lifted, and Shrem can get started purchasing pricey issues once more.


$32 Million Dollar Man

Shrem has just lately been on relatively a spending spree, obtaining Maseratis, energy boats, and a $2 million Florida assets. This raised the twins suspicions and pre-empted the lawsuit, which famous that:

Either Shrem has been extremely fortunate and a success since leaving jail, or — much more likely — he ‘acquired’ his… holdings with the favored price of the five,000 Bitcoin he stole…

The brothers employed an investigator who allegedly discovered 5000 bitcoin, transferred in 2013 via wallets related to Shrem. The transfers went to Xapo and Coinbase, and it used to be those finances Shrem held with those firms, that have been up to now frozen.

Charlie Shrem: First Step to Complete Vindication

Shrem and his attorney vehemently deny the claims made in the lawsuit and referred to as this newest ruling step one to finish vindication.

Shrem claimed that he by no means owned the five,000 bitcoin, and requested for the case to be thrown out. He stated that the bitcoin belonged to a distinguished trade determine who he didn’t identify.

Despite requests to 30 establishments for info, the twins’ attorneys have to this point simplest known belongings valuing $10. They stated, “We do not have to show that he is actually hiding assets, although we believe he is.”

Shrem’s attorney stated that the lawsuit is a dispute over $61,000, which he agreed to carry in escrow pending the trial. The trial date is ready for June 17.

Who do you consider in this situation between the Winklevoss twins and Shrem? Share your ideas beneath!

Images courtesy of Shutterstock, Bitcoinist archives

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