Former Fed Employee Fined $5,000 for Mining Bitcoin on Federal Reserve Server
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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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 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....
A U.S. government employee has been arrested on espionage-related charges after he attempted to sell restricted data on the design of nuclear-powered warships to a foreign government. The federal employee asked to be paid in monero cryptocurrency. “I am very aware of the risks of blockchain analysis of bitcoin and other cryptocurrencies, and believe monero gives both of us excellent deniability,” he told an undercover FBI agent.
Nuclear Engineer Sells Restricted Data for Monero
The U.S. Department of Justice (DOJ) announced Sunday that an employee of the Department....
On Friday, May 9th, 2014, the Federal Advisory Council and Board of Governors of the Federal Reserve met for their quarterly meeting in Washington D. C. This meeting was historically held in secrecy until Bloomberg News "won" a Freedom of Information Act request under the Freedom of Information Law requiring the Fed to make the meetings minutes available to the public. The Federal Advisory Council (FAC) is "composed of twelve representatives of the banking industry, consults with and advises the Board on all matters within the Board's jurisdiction..." according to the Federal Reserve in....
A former employee of the collapsed bitcoin mining company, GAW Miners, is currently under investigation by the Securities and Exchange Commission (SEC) for fraud. Carlos Garza was issued a subpoena by a federal judge in Massachusetts to be forced to respond to these allegations. According to the SEC, millions of dollars were lost in possibly fraudulent sales of bitcoin mining hardware by GAW Miners. Carlos Garza is a former salesman of the company and is the brother of the founder and CEO, Josh Garza. Bitcoin Mining Fraud. Carlos Garza appeared before SEC lawyers in Boston last week for....