Investigation of Fake IDs Nets $4.7M in Bitcoins, Gold Bars

Written by:
Guest
Published on:
Feb/08/2018

TOLEDO, Ohio (Associated Press) - Authorities investigating a large-scale fake ID operation in Ohio say they've seized $4.7 million in bitcoins and several computers and printers.

Court documents say they also found gold and silver bars and coins inside the Toledo home of Mark Simon.

Simon was charged Thursday in U.S. District Court with making and transferring false identification documents. A message left with Simon's court-appointed attorney hasn't been returned.

Ohio authorities began investigating in 2015 after receiving several fake ID cards from a bar in Springfield.

An affidavit in federal court says a college student told investigators his friends bought IDs from the online social forum Reddit.

Documents say buyers had to follow instructions to hide the transactions and use bitcoins, digital money that isn't tied to banks or governments.

Business/Financial News

NY Lawmakers to Review Regulations on Bitcoin

NY Lawmakers to Review Regulations on Bitcoin

New York state lawmakers say they want to know whether current regulations relating to cryptocurrencies like Bitcoin are up to the task of protecting consumers. 

Bitcoin Plunge to $1000 Not Out of the Question, Exchange Founder Arrested

Bitcoin Plunge to $1000 Not Out of the Question, Exchange Founder Arrested

The owner of BitFunder, a long-defunct, bitcoin-denominated stock exchange, has been arrested by the U.S. government.

Online Bookie New Tool Alert: What's The Bet Alert Tool?

Online Bookie New Tool Alert: What's The Bet Alert Tool?

One of the best ways for online bookie agents to increase action in their sportsbooks is to offer cross-sport parlays at higher payout odds than normal parlay payout odds.

4 Cross-Sport Parlays and How To Market Them In Your Sportsbook

4 Cross-Sport Parlays and How To Market Them In Your Sportsbook

Always have cross-sport parlays set up for weekend betting. It helps to increase betting action in your sportsbook, and they’re harder for players to win. Check out 4 potential parlays this weekend, and some tips for promotions.

Cryptocurrency Prices Drop: Big News for Ripple

Cryptocurrency Prices Drop: Big News for Ripple

Bitcoin witnessed a bit of a plunge over the past 24 hours, down 16.72 percent from the recent high of $11,958 just 48 hours ago.

Syndicate