18 people have been charged in what prosecutors describe as the first $BTC RICO case, involving the alleged theft of $263M in crypto from a single victim.
At the center is 22-year-old Malone Lam, who allegedly posed as Google and Gemini staff to convince a Washington, D.C. resident to surrender access to 4,100 BTC.
The money allegedly funded an absurd lifestyle. The group reportedly spent $4M at LA clubs in just one month, while Lam allegedly dropped $569K in a single night.
And the operation allegedly didn’t stop behind bars. Prosecutors say Lam continued giving orders, including having Hermès Birkin bags delivered to his girlfriend in Miami.
A $263M Bitcoin theft, a RICO case, and a fortune allegedly spent like pocket change. Damn!
At the center is 22-year-old Malone Lam, who allegedly posed as Google and Gemini staff to convince a Washington, D.C. resident to surrender access to 4,100 BTC.
The money allegedly funded an absurd lifestyle. The group reportedly spent $4M at LA clubs in just one month, while Lam allegedly dropped $569K in a single night.
And the operation allegedly didn’t stop behind bars. Prosecutors say Lam continued giving orders, including having Hermès Birkin bags delivered to his girlfriend in Miami.
A $263M Bitcoin theft, a RICO case, and a fortune allegedly spent like pocket change. Damn!
