Posted on 12/22/2021 12:38:55 PM PST by lowbridge
In May, a worker at Sony Life Insurance Company in Tokyo allegedly diverted $154 million to a personal account at a Southern California bank when the company was instead trying to transfer the funds between financial accounts, according to a Monday press release from the US Justice Department.
The worker, identified as Rei Ishii, then converted the money to bitcoin, the release said.
Law enforcement from the US and Japan eventually found the "private key," or password, to the bitcoin address that held the 3,879 bitcoin tokens — now worth more than $180 million — and seized the funds on December 1.
As of Monday, the US had filed a civil forfeiture complaint in the Southern District of California to protect Sony's interest in the stolen property.
"Criminals should take note: You cannot rely on cyptocurrency to hide your ill-gotten gains from law enforcement," Acting U.S. Attorney Randy Grossman said in the statement.
(Excerpt) Read more at finance.yahoo.com ...
Profit of $26 million in 5 months!
Are they going to pay him a bonus while he’s in jail?
blockchain = every transaction on that “coin” is chained together forever and available to anybody.
Never let them find your private key. It’s a lot more than a password. It’s more like 24 passwords.
There was a publicity stunt back in 2010 which involved someone paying 10,000 bitcoins for a couple of pizzas. The 10,000 bitcoins were worth a total of about $40 back then, now worth about $380 million.
Now he get’s a promotion for exceeding his quarterly financial objectives....
Unless employee gives up his passphrase they cannot ever get those funds.
If he doesn’t give up the passphrase becomes a dead wallet and the price of bitcoin become stronger
Put $154 million in the Company account and divide the 26 million, EQUALLY, amongst every employee. Ah so, Sony!
PS put the embezzler in jail for 20 years, rice and beans, beans and rice, no Sake...
found the key?
Citibank, found it. Bank transfers have a paper trail.
The smart move would be for Rei Ishii to escape to Russia and then no one can touch him.
Off the top of my head? No.
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