NFL Star Accuses Ex-Manager of Stealing $3 Million in Bitcoin Mine Profits
A player for a professional American football team has filed a lawsuit against his former business manager, alleging that he squandered money on bad investments including a $3m bitcoin mine. Court documents filed in an Arkansas federal court and published by the Arkansas Times allege that Michael Vick spent as much as $15m belonging to Darren McFadden, a running back for the Dallas Cowboys, on a series of fraudulent investments. McFadden has accused Vick of lying to him about the success of those investments, while at the same time using those funds to pay for a luxurious lifestyle and....
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Many reading this would enjoy the opportunity to invest a solid $15 million into mining bitcoins, but an NFL star is alleging in civil court that his financial manager, Ameriprise Financial employee Michael Vick, did exactly that – with the star’s money. The tone of the lawsuit makes it seem that the money manager was so confident in his investment at the time that he assured Darren McFadden, a running back for the Dallas Cowboys and rising star in professional American football, that: [Michael Vick] promised to pay back Plaintiff any funds that Plaintiff invested in such business venture.....
Wesco has stopped flaring excess natural gas and is now using it to mine bitcoin, reducing carbon emissions and increasing profits.
A man operating under an assumed name has been accused of stealing bitcoin and bitcoin mining equipment from a Florida-based industrial mining facility and defrauding investors on a popular bitcoin lending platform. The alleged perpetrator worked under the name Jon Simms, acting as both an independent bitcoin buyer and seller and a professional mining specialist for Digital Mining Investments. The scam targeted bitcoin lending site BTCJam and Digital Mining Investments' Tampa-based mine. The stolen items allegedly include 55 BTC (roughly $35,000 at press time) taken from BTCJam users,....
Two brothers from Rotterdam have been arrested for stealing electricity to mine bitcoins. According to the Openbaar Ministerie, local police confiscated the mining equipment and 200 thousand euros. Two Brothers Allegedly Stole Electricity to Mine Bitcoin and Grow Marijuana. Local reports said the two unnamed brothers owned the equipment, but stole power....
A detailed exploration of a bitcoin mine in Dalian, a major city in the north-east of mainland China, has been published by VICE's technology title Motherboard. The facility is called the No. 1 Bitcoin Mine. It contains 3,000 miners and costs $80,000 a month for 1,250 kW of electricity to keep them running, according to the film. It's located in the Changcheng area, in the waterfront Lushunkou district. The mine appears to be cooled by huge industrial fans mounted on the walls of the building. According to Motherboard, a "persistent, deafening buzz" emanates from the fans in the hot summer....