Charlie Shrem the co-founder of the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation, formerly serving as vice chairman. In 2017, he joined Jaxx as its director of business and community development.
While in college he made a heck of an investment. He bought 500 coins at $3 each instead of mining them. When the price rose to $20 he bought thousands more. Later he co- founded a company named BitInstant while he was still in college. It allowed users to buy Bitcoins from over 700,000 stores including Duane Reade and Walmart. The company sky-rocketed and at one point, according to a report on Bitcoin.com, BitInstant accounted for almost 30 percent of all Bitcoin transactions and even received investment capital from investors like Roger Ver.
But In December 2014 Shrem was sentenced to two years in prison for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace. Shrem states he did not knowingly handle any money for illicit purposes.
Yes, Charlie Shrem was once a prisoner but now he is one among the most influential millionaires. After his release from prison in 2016, Shrem got right back to business and launched Intellisys Capital. The firm sells investment portfolios in blockchain companies. He is close friends with fellow Bitcoin innovator and investor Roger Ver.