New Jersey County Liquidates Bitcoin Seized in 2018, Profiting Almost 300%
Individuals and companies are not the only ones who take advantage of the significant bitcoin prices surging across the board, despite recent pullbacks. In New Jersey, United States, a county yielded profits after liquidating seized cryptocurrencies during a drug investigation. Authorities Gained Control of the Cryptos in 2019 According to NBC New York, local authorities from Monmouth County got the bitcoin (BTC) during a raid in the context of an illegal narcotics distribution crackdown in 2018. Investigators found that such digital assets were part of the profits gained by the criminals....
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County authorities captured the cryptocurrency during a 2018 drug bust in Long Branch. A county in the state of New Jersey has announced the liquidation of cryptocurrency assets seized in 2018.On Monday, the prosecutor’s office in Monmouth County announced that the confiscated crypto —initially valued at $57,000 at the time it was seized — was liquidated on Coinbase for $198,237 at a quote “profit” of $141,000.Authorities captured the cryptocurrency during a 2018 drug bust in Long Branch. The assets were frozen on a United States-based crypto exchange once officials determined them as....
The U.S. has sold about 500 bitcoins seized back in 2018 for about $19.2 million. This was reportedly the largest net forfeiture in the Northern District of Ohio’s history. Federal authorities in the U.S. state of Ohio have sold bitcoins seized back in 2018 in a fraud case. The seized bitcoins were sold for nearly $19.23 million, Acting U.S. Attorney Bridget M. Brennan announced Thursday. The coins seized during the investigation were initially valued at approximately $2.88 million. This was reportedly the largest net forfeiture in the Northern District of Ohio’s history. The....
On January 14, Ian Smith, the co-owner of the Atilis Gym in New Jersey appeared on Fox News with the news anchor, Tucker Carlson, and discussed his battle with the state of New Jersey’s coronavirus lockdown orders. Smith and his business partner have defied the state’s lockdown orders and remained open for months. The Bellmawr establishment has been fined $15k per day, as the company does not adhere to enforcing Covid-19 protocols. On Wednesday evening the state of New Jersey allegedly took action and seized $173,613 from the gym owner’s bank account. Atilis Gym Owner....
A New Jersey police officer has been arrested and charged with receiving stolen property after allegedly selling stolen bitcoin mining equipment. According to Somerset County Prosecutor Geoffrey D Soriano, Vincent Saggese, 32, of Metuchen, NJ, met with a Somerset County Prosecutor's Office undercover detective twice and negotiated the sale of stolen KNC Miner Neptune devices. Saggese, who worked for the Plainfield Police Department for 10 years, was also charged with professional misconduct after allegedly accepting $250 from the undercover detective and agreeing to obtain the address and....
A New Jersey cop Vincent Saggesse, 32, who works for the Plainfield PD and is a member of the Union County SWAT Team, has been caught selling stolen Bitcoin mining equipment in an undercover sting operation. Somerset County Prosecutor Geoffrey Soriano revealed that the disgraced police officer met twice with an undercover agent to work out a sale agreement of the hot KnCMiner Neptune units. However, it is yet to be discovered whether the cop had a clear idea of what he was selling. Soriano also desisted from disclosing the source of the units. The dishonest law enforcement officers seem to....