In 2018, federal agencies in the state of Ohio sold bitcoins obtained through a fraud.
Acting US attorney Bridget M. Brennan announced on Thursday (1/7) that the amount of bitcoins collected is up to almost $ 19.23 million. They were originally valued at around $ 2.88 million.
It is believed to be the largest foreclosure in the history of the Northern District of Ohio. Authorities did not say how or where the bitcoins were being sold.
The case involved a 37-year-old Toledo man, Mark Alex Simon, who forged the identities of Ohio, Michigan and Utah residents. Documents included a driver’s license and ID, and he was paid for in bitcoin.
Simon pleaded guilty to the conspiracy to launder money and deliver fake identification documents to a two-year prison sentence in June 2019.
Simon was investigated by police for forgery of ID cards back in 2008, but he was not charged.
In 2015, authorities tracked fake IDs found in a bar near Wittenberg University on a website created by Simon. Court documents say that after months of investigation, the police were able to link the forged cards to Simon and his staff.
Authorities ransacked Simon’s Toledo home, along with the homes of others involved in the case. They confiscated over 500 Bitcoins from Simon in a seizure proceeding.
In foreclosure cases, the proceeds are split between the federal agencies involved in the investigation and local police agencies and used to compensate any victims. Any remaining funds will be returned to the US Treasury Department.
Teacher
According to News.Bitcoin
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…
Miami, Florida, 5th November 2024, Chainwire
Want to learn about Bitcoin and Chainlink's prices? See why BlockDAG with its X1 app…
New ATH for Bitcoin’s average hashrate, combined with Bitcoin mining difficulty surpassing 100 trillion hashes,…
Bitcoin's price rose 3% to $70,200, influenced by excitement surrounding the US presidential election.
NY, United States of America, 5th November 2024, Chainwire
This website uses cookies.