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defendant James Zhong, currently scheduled for Friday, April 14, 2023, at 3:00 p.m. As set forth in the Presentence Investigation Report (“PSR”) and in the parties’ plea agreement, the defendant’s
In September 2012, at the age of just 22, Mr. Zhong, known as “Jimmy,” accidentally found and then intentionally exploited a simple flaw in the illegal Silk Road website.
In September 2012, at the age of just 22, Mr. Zhong, known as “Jimmy,” accidentally found and then intentionally exploited a simple flaw in the illegal Silk Road website. In a few hours spread out over just two days, Jimmy stole around 50,000 Bitcoin from the Silk Road website valued at that time at around $620,000.
7 lis 2022 · U.S. Attorney Damian Williams said: "James Zhong committed wire fraud over a decade ago when he stole approximately 50,000 Bitcoin from Silk Road. For almost ten years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3 billion mystery.
14 kwi 2023 · In September 2012, ZHONG executed a scheme to defraud Silk Road of its money and property by (i) creating a string of approximately nine Silk Road accounts (the “Fraud Accounts”) in a manner designed to conceal his identity; (ii) triggering over 140 transactions in rapid succession in order to trick Silk Road’s withdrawal-processing ...
13 wrz 2023 · In November 2021, IRS Criminal Investigations (IRS-CI) seized 50,676 Bitcoin from James Zhong, an American who pled guilty to wire fraud for stealing that Bitcoin from the darknet market Silk Road in September 2012. With a value of $3.36 billion, this marks one of the largest cryptocurrency seizures in history.
9 maj 2023 · For James Zhong, the ideal spot was to store it on a computer — with its circuitry exposed — placed in a used Cheetos popcorn tin hidden in a bathroom closet under a pile of blankets. Zhong,...
