How Maximilian Schmidt ran a Million dollar Drug Business | Shiny Flakes Explained | FBE Capital

Teenager Maximilian Schmidt started Shiny Flakes in his bedroom and made millions running his online drug business. Maximilian kept his money in Bitcoins and ran his business, while living at home in Leipzig, in Germany.
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So not only did Max secure more than 2,000 lbs of product in total, but he also managed to get only 7 years in juvenile detention, even though he was already 19, at the time of the arrest.

Now while most news stories mention that Max made around $5 million dollars in total, they often forget that the police recovered around 1197 Bitcoins form his wallets, which at today’s valuation of $47,000 dollars, comes down to a total value of $56 million.

Video Structure:
00:00 Intro
00:15 Maximilian's total earnings
01:04 Keeping a low profile
01:47 How Maximilian Schmidt got started
03:16 Order overload
04:15 How did Max set up his business

This all started with the infamous Silk Road, that Max was introduced to by a fellow hacker, since Max was already involved with internet crimes, long before he started shiny flakes.

Max started out with some small hacks here and there and selling account information online, to other hackers and scammers.
While doing so, he got introduced to Silk Road and the platform sparked immediate interest with him.

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