Arrest in Crypto scheme

Discussion in 'Bullion Investing' started by JPD3, Sep 10, 2021.

  1. JPD3

    JPD3 Well-Known Member

    NY county worker charged in digital currency mining scheme

    Updated September 8, 2021, 5:36 p.m. EDT

    By The Associated Press

    RIVERHEAD, N.Y. — An employee cost a New York county at least $6,000 in electricity bills by allegedly secretly installing dozens of machines at his workplace in a cryptocurrency scheme, authorities said Wednesday, announcing charges against him.

    Suffolk County District Attorney Timothy Sini said Christopher Naples, who worked in the county clerk's office as a supervisor of information technology operations, is charged with counts including public corruption, grand larceny, and computer trespass.

    An email seeking comment was sent to Naples' attorney. He appeared in court on Wednesday and was released on his own recognizance.

    Sini said Naples, 42, who has worked for the county since 2000, had put 46 devices throughout the county center in Riverhead, New York, in locations like an unused electrical wall panel or underneath floorboards. At least some of the devices had been in place since February.

    Naples, of Mattituck, New York, is accused of using the devices to mine Bitcoin and other types of cryptocurrency. Cryptocurrency units are created by computers solving complex math equations, and the process can result in heavy electricity usage and high cooling costs.

    “Mining cryptocurrency requires an enormous amount of resources, and miners have to navigate how to cover all of those electricity and cooling costs,” Sini said in a statement announcing the arrest. Naples “found a way to do it; unfortunately, it was on the backs of taxpayers."

    Naples faces up to 15 years in prison if convicted of the top count against him.
     
    Inspector43 and CygnusCC like this.
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  3. CygnusCC

    CygnusCC Roping the Learns Supporter

    People do the most stupid things to try to steal money. :facepalm:

    Like nobody was going to notice the noise and blast of hot air as they walked by one of his hiding places. :hilarious:

    On the other hand it lasted since February, hah, so I guess people don't notice if they don't care...
     
  4. fretboard

    fretboard Defender of Old Coinage!

    This has nothing to do with making big money off of investing in Bitcoin at all, just to be clear. :D Yes, some people make Bitcoin look bad by stealing electricity, it's been going on for years. Miners who steal electricity for any use are idiots, thieves and criminals! tmoney - Copy.gif
     
    CygnusCC likes this.
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Where there's a will there's a way...LOL
     
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