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OT - The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion
Posted on 10/17/23 at 11:29 am
Posted on 10/17/23 at 11:29 am
4
Posted on 10/17/23 at 12:20 pm to Whiznot
Interesting story. Guy's obviously very intelligent and very lonely. Autistic and no friends so he starts buying them. He got mad when he detective told him his friends didn't care about him and were just there for the money. I got a chuckle when he told the detective showing off $1 million didn't get him anywhere with the ladie. I almost feel bad for him. Now he has no money and no friends.
This post was edited on 10/18/23 at 10:57 am
Posted on 10/18/23 at 1:50 am to Whiznot
Crazy that he had billions in bit coin and called the police over 600k. Greed wins again.
Posted on 10/18/23 at 9:43 am to Barstools
I'm just glad his dog is being taken care of.
Posted on 10/18/23 at 11:05 am to Whiznot
That's nuts, especially when his lawyer makes a solid point - the federal government wasn't harmed.
If the BTC had been there when they shut down Silk Road, they would've sold it for $350/BTC.
If the BTC had been there when they shut down Silk Road, they would've sold it for $350/BTC.
Posted on 10/18/23 at 11:19 am to VoxDawg
The Feds had no issue taking all of it tho.
Posted on 10/18/23 at 11:32 am to Peter Buck
Have they ever?
The Founders held that the concept of an income tax was so onerous that it took 150 years and a Constitutional amendment just to legalize the practice.
The Founders held that the concept of an income tax was so onerous that it took 150 years and a Constitutional amendment just to legalize the practice.
Posted on 10/18/23 at 2:06 pm to Peter Buck
quote:
The Feds had no issue taking all of it tho.
He stole the money from crooks. The feds would have taken the money from the people stole from if they had prosecuted them. He went to jail because he was muscling in on their territory. There's no difference between the thugs he stole from and the government thugs who stole from him.
This post was edited on 10/18/23 at 2:12 pm
Posted on 10/18/23 at 2:23 pm to Peter Buck
I swear I'm not being facetious here, but who exactly should they have given the money "back" to?
Posted on 10/18/23 at 2:40 pm to WG_Dawg
He is in a federal minimum security prison located on Maxwell Air Force Base in Montgomery, Al. He has access to tennis and squash courts, and the bases golf course. No locks on the doors. He just can't go off base.
Posted on 10/18/23 at 2:52 pm to Whiznot
Crazy story.
I mean, dude had 100's of millions in stolen bitcoin. Just crazy that he called the police to report a few hundred thousand stolen...Also, he then kept all that in his house that someone broke into...that woulda been a great time to transfer all your bitcoin to new accounts and douse the old electronics, move, cause they might have come back.
All in all, 1 year in prison is cake walk considering the life he got to lead for 10 years
I mean, dude had 100's of millions in stolen bitcoin. Just crazy that he called the police to report a few hundred thousand stolen...Also, he then kept all that in his house that someone broke into...that woulda been a great time to transfer all your bitcoin to new accounts and douse the old electronics, move, cause they might have come back.
All in all, 1 year in prison is cake walk considering the life he got to lead for 10 years
Posted on 10/18/23 at 8:47 pm to IT_Dawg
Athen is an awesome town. With $3 billion Zhong could've moved anywhere in the world but chose not to.
Did any of you Athens area people ever run into Zhong? Maybe you were in a bar when he bought the house a drink.
Did any of you Athens area people ever run into Zhong? Maybe you were in a bar when he bought the house a drink.
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