Federal Reserve Staffer Fined for Mining Bitcoins at Work
A former employee of the Federal Reserve Board of Directors has fined $5,000 and put on probation after being caught mining bitcoins on a server owned by the US central bank. The Fed’s Office of the Inspector General said today that Nicholas Berthaume, who previously worked as a communications analyst for the board before being fired in light of the incident, had been placed on 12 months of probation after accepting a plea deal on 27th January. He plead guilty to one count of unlawful conversion of government property, a misdemeanor. Court documents show that Berthaume, who was indicted....
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According to various sources, a Federal Reserve employee was caught using the central bank’s internet server to mine bitcoin. Nicholas Berthaume, who worked for the Federal Reserve Board in Washington, was sentenced to a year of probation and fined $5,000 for using unauthorized Bitcoin software on a federal server. Fed Employee Mines Bitcoin Using the....
A former employee of the US central banking system, the Federal Reserve, was issued a fine of $5,000 and sentenced to 12 months’ probation for mining bitcoin on a Fed-owned server. Nicholas Berthaume was employed as a communications analyst with the Board of Governors of the Federal Reserve System. According to an announcement by the Fed’s Inspector’s Office yesterday, Berthaume installed unauthorized software on a Board server, enabling him to connect to an online bitcoin network to mine the cryptocurrency. Court documents have revealed that the software was installed between March 2012....
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