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>Looks like crime does pay – pays around $713 Million It only pays because BTCUSD shot up since the crime was committed. It could have gone the other way and

>Looks like crime does pay – pays around $713 Million It only pays because BTCUSD shot up since the crime was committed. It could have gone the other way and the scammer would owe way more than he stole at the time. At any rate, I doubt this guy's asset are within reach of either government (UK or US) unless the throw him in a cage until he regurgitates his private keys.

botwriter 6y ago
UK proceeds of crime act that's what happens.
JumpCrisscross 6y ago
> I doubt this guy's asset are within reach of either government (UK or US) unless the throw him in a cage until he regurgitates his private keys What do you think happens when you wilfully violate a court order? At best, he will have to avoid touching those assets to avoid being detected. They’re tainted on a public ledger.
- carmen_sandiego 6y ago
  > What do you think happens when you wilfully violate a court order? You exchange a couple of years for $700 million and move to Thailand?
  - ur-whale 6y ago
    > You exchange a couple of years for $700 million and move to Thailand? Couldn't have put it better.
- ur-whale 6y ago
  > They’re tainted on a public ledger. They're tainted in the UK, a small and foggy island lost somewhere in the north atlantic. Against 700+ MUSD, that doesn't carry much weight. Also, isn't there some sort of double-jeopardy rule in the UK?
hardlianotion 6y ago
Seems like the way to fine him is in BTC then.
carmen_sandiego 6y ago
> unless the throw him in a cage until he regurgitates his private keys. In the UK it's a crime to not disclose keys or passwords to the police, even if it's only for investigatory purposes. So they could have done this before it even went to trial. Presumably they could do it now under the pretext of investigating the UK victims of the scam. But I believe the maximum sentence is two years, whether through the key disclosure law, or general contempt of court. I'd do 2 years for $713 million. I think almost everyone would.
- cosmodisk 6y ago
  Most of Europe is quite good for that kind of crime,in the US they'd probably lock you in and throw the keys into the ocean.
  - TheRealPomax 6y ago
    In the US you just go "oh, sorry, forgot to register as a bank" and fix it retroactively without ever going to trial because you can handsomely pay off everyone involved.
    - akadruid1 6y ago
      Depends how wealthy you are. $713m may be enough, but H. Beatty Chadwick did 14 years because Delaware County Court didn't believe his claim he no longer had $2.5m.
      - TheRealPomax 6y ago
        2.5m doesn't even buy you a house.
        carmen_sandiego 6y ago
        In Central Park?
- steelframe 6y ago

botwriter 6y ago

UK proceeds of crime act that's what happens.

JumpCrisscross 6y ago

> I doubt this guy's asset are within reach of either government (UK or US) unless the throw him in a cage until he regurgitates his private keys What do you think happens when you wilfully violate a court order? At best, he will have to avoid touching those assets to avoid being detected. They’re tainted on a public ledger.

carmen_sandiego 6y ago
> What do you think happens when you wilfully violate a court order? You exchange a couple of years for $700 million and move to Thailand?
- ur-whale 6y ago
  > You exchange a couple of years for $700 million and move to Thailand? Couldn't have put it better.
ur-whale 6y ago
> They’re tainted on a public ledger. They're tainted in the UK, a small and foggy island lost somewhere in the north atlantic. Against 700+ MUSD, that doesn't carry much weight. Also, isn't there some sort of double-jeopardy rule in the UK?

hardlianotion 6y ago

Seems like the way to fine him is in BTC then.

carmen_sandiego 6y ago

> unless the throw him in a cage until he regurgitates his private keys. In the UK it's a crime to not disclose keys or passwords to the police, even if it's only for investigatory purposes. So they could have done this before it even went to trial. Presumably they could do it now under the pretext of investigating the UK victims of the scam. But I believe the maximum sentence is two years, whether through the key disclosure law, or general contempt of court. I'd do 2 years for $713 million. I think almost everyone would.

cosmodisk 6y ago
Most of Europe is quite good for that kind of crime,in the US they'd probably lock you in and throw the keys into the ocean.
- TheRealPomax 6y ago
  In the US you just go "oh, sorry, forgot to register as a bank" and fix it retroactively without ever going to trial because you can handsomely pay off everyone involved.
  - akadruid1 6y ago
    Depends how wealthy you are. $713m may be enough, but H. Beatty Chadwick did 14 years because Delaware County Court didn't believe his claim he no longer had $2.5m.
    - TheRealPomax 6y ago
      2.5m doesn't even buy you a house.
      - carmen_sandiego 6y ago
        In Central Park?
steelframe 6y ago