Silk Road - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Mon, 07 Nov 2022 20:59:46 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png Silk Road - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 U.S. lays claim to $1 billion in stolen Silk Road Bitcoin https://www.garnertedarmstrong.org/u-s-lays-claim-to-1-billion-in-stolen-silk-road-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-lays-claim-to-1-billion-in-stolen-silk-road-bitcoin Mon, 07 Nov 2022 20:59:46 +0000 https://www.garnertedarmstrong.org/?p=42910 NEW YORK, Nov 7 (Reuters) – The United States is seeking the forfeiture of more than $1 billion in Bitcoin stolen from the Silk Road online marketplace, federal prosecutors in Manhattan said on Monday. In the second largest seizure in U.S. Department of Justice history, Internal Revenue Service (IRS) agents obtained the 50,000 Bitcoin during...

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]]> NEW YORK, Nov 7 (Reuters) – The United States is seeking the forfeiture of more than $1 billion in Bitcoin stolen from the Silk Road online marketplace, federal prosecutors in Manhattan said on Monday.

In the second largest seizure in U.S. Department of Justice history, Internal Revenue Service (IRS) agents obtained the 50,000 Bitcoin during a November 2021 search of the defendant James Zhong’s home in Gainesville, Georgia.

Zhong, 32, on Friday pleaded guilty to wire fraud for tricking Silk Road’s processing system into releasing the funds to his accounts in 2012.

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Source: https://www.reuters.com/legal/us-lays-claim-1-billion-bitcoin-stolen-silk-road-2022-11-07/

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The post U.S. lays claim to $1 billion in stolen Silk Road Bitcoin first appeared on Garner Ted Armstrong Evangelistic Association.

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