Cryptocurrency

FBI Arrests 2 Men Planning ‘Violent’ Robbery of Bitcoin Worth Millions of Dollars — They Face 20 Years in Prison – Regulation Bitcoin News


The Federal Bureau of Investigation (FBI) has arrested two men who participated “in a violent plan to break into a family’s home in the middle of the night” to steal bitcoin worth tens of millions of dollars,” according to the U.S. Department of Justice. They could go to prison for 20 years.

2 Men Charged for Planning to Steal Bitcoin

The U.S. Department of Justice (DOJ) announced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to commit home invasion robbery for tens of millions of dollars in bitcoin.”

The Federal Bureau of Investigation (FBI) arrested the two on Thursday in Virginia.

U.S. Attorney Damian Williams detailed:

The defendants participated in a violent plan to break into a family’s home in the middle of the night and force its residents to provide the code to what the defendants believed was tens of millions of dollars in bitcoin currency.

According to the court document, the defendants participated in the plan from May 18 to May 24, 2020, “to break into a home in Irvington, New York and rob its residents of cash and cryptocurrency.”

Around the time of the planned home invasion, bitcoin was trading at about $10,000 per coin. BTC peaked at an all-time high price of $68,892 in November 2021. It has since dropped in value and is currently trading at $20,892.

The Justice Department described:

Pineda, 21, of Manassas, Virginia, and Morgan, 21, of Centreville, Virginia, are each charged with conspiracy to commit Hobbs Act robbery, in violation of 18 U.S.C. § 1951, which carries a maximum term of 20 years in prison.

The Hobbs Act defines robbery as unlawfully taking another person’s property “by means of actual or threatened force.”

What do you think about this case? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

Kevin Helms
Kevin Helms

Related articles

DOJ Nukes Crypto Crime Unit as Trump Vows to Finish Regulation by Prosecution

The DOJ simply killed its crypto crimes unit in a sweeping shift that indicators America goes all-in on digital asset freedom and progress. Feds Kill off DOJ’s Crypto Crew—Trump Resets Battlefield for Bitcoin...

Trump’s Tariffs Are Already Decreasing Automobile Imports and Idling Factories

President Trump’s 25 % tariffs on imported autos, which went into impact final week, are already sending tremors via the auto {industry}, prompting firms to cease delivery automobiles to the USA, shut down...

S&P 500 falls into the opening hole

Excessive danger warning: Overseas alternate buying and selling carries a excessive degree of danger that will not...

Double-edged sword throughout international market turmoil

Bitcoin and different cryptocurrencies are sometimes praised for providing around-the-clock buying and selling entry, however that fixed availability might have contributed to a steep sell-off over the weekend following the newest US commerce...

What the Final Six Recessions Say About As we speak’s Housing Market

<div id="web page" x-data="sidebarAds(24percent7C&utm_source=Biggerpercent20Pockets&utm_term=Biggerpercent20Pockets","linkTitle":"Schedule a Name As we speak","id":"65d4be7b89ca4","impressionCount":"724609","dailyImpressionCount":"902","impressionLimit":"878328","dailyImpressionLimit":"2780","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-720x90-1.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-300x600-1.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Heart Road Lending","description":"","imageURL":null,"imageAlt":null,"title":"","physique":"","linkURL":"https://centerstreetlending.com/bp/","linkTitle":"","id":"664ce210d4154","impressionCount":"437145","dailyImpressionCount":"716","impressionLimit":"600000","dailyImpressionLimit":"2655","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/05/CSL_Blog-Ad_720x90-1.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/05/CSL_Blog-Ad_300x250-2.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/05/CSL_Blog-Ad_300x600-2.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/05/CSL_Blog-Ad_320x50.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"CV3 Monetary","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/07/Brand-512x512-1.png","imageAlt":"","title":"","physique":"","linkURL":"https://cv3financial.com/financing-biggerpockets/?utm_source=biggerpockets&utm_medium=web site&utm_campaign=august&utm_term=bridge&utm_content=banner","linkTitle":"","id":"66a7f395244ed","impressionCount":"235854","dailyImpressionCount":"732","impressionLimit":"636364","dailyImpressionLimit":"4187","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/07/CV3-720x90-1.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/07/CV3-300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/07/CV3-300x600-1.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/07/CV3-320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Baselane","description":"Advert copy A","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/09/SquareLogo-MidnightOnWhite-1.png","imageAlt":"","title":"","physique":"","linkURL":"https://www.baselane.com/lp/bigger-pockets?utm_source=partner_biggerpockets&utm_medium=Content material&utm_campaign=bp_blog_ad&utm_term=rebranded_v3","linkTitle":"","id":"66b39df6e6623","impressionCount":"202084","dailyImpressionCount":"615","impressionLimit":"250000","dailyImpressionLimit":"1713","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/720x90.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/300x250.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/300x600.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/grow_business_not_to_do_320x50.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Baselane","description":"Advert copy B","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/09/SquareLogo-MidnightOnWhite-1.png","imageAlt":"","title":"","physique":"","linkURL":"https://www.baselane.com/lp/bigger-pockets?utm_source=partner_biggerpockets&utm_medium=Content material&utm_campaign=bp_blog_ad&utm_term=rebranded_v4","linkTitle":"","id":"66b39df70adac","impressionCount":"218704","dailyImpressionCount":"696","impressionLimit":"250000","dailyImpressionLimit":"1713","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/Copy-of-720x90-1.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/Copy-of-300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/Copy-of-300x600-1.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/11/Copy-of-320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-Brand.png","imageAlt":"","title":"","physique":"","linkURL":"https://hubs.ly/Q02LzKH60","linkTitle":"","id":"66c3686d52445","impressionCount":"238268","dailyImpressionCount":"686","impressionLimit":"500000","dailyImpressionLimit":"6173","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-720x90-1.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-300x600-1.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/08/REI-Nation-X-BP-Weblog-Advert-320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"1-800 Accountant","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2024/12/Logo_Square_No-Model-Title.png","imageAlt":"","title":"","physique":"","linkURL":" https://1800accountant.com/lp/online-business-tax-preparation?utm_source=biggerpockets&utm_medium=cpc&utm_campaign=tof&utm_content=banners_feb","linkTitle":"","id":"67572ea706256","impressionCount":"59883","dailyImpressionCount":"721","impressionLimit":"89616","dailyImpressionLimit":"7872","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/720x90BPver2.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/300x250BPver2.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/300x600BPver2.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/320x50BPver2.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"NREIG","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/NREIGLogo_512x512-1-1-1.png","imageAlt":"","title":"","physique":"","linkURL":"https://go.nreig.com/l/1008742/2024-12-19/53l7gf","linkTitle":"","id":"677c225a7b017","impressionCount":"66965","dailyImpressionCount":"593","impressionLimit":"1000000","dailyImpressionLimit":"2874","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/NREIG-720x90-1.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/NREIG-300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/NREIG-300x600-1.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/NREIG-320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Fairness Belief","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/1631355119223.jpeg","imageAlt":"","title":"","physique":"","linkURL":"https://www.trustetc.com/lp/bigger-pockets/?utm_source=bigger_pockets&utm_medium=weblog&utm_term=banner_ad","linkTitle":"","id":"678fe1309ec14","impressionCount":"44960","dailyImpressionCount":"616","impressionLimit":"244525","dailyImpressionLimit":"758","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/Maximize_RE_Investing_Ad_720x90.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/Maximize_RE_Investing_Ad_300x250.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/Maximize_RE_Investing_Ad_300x600.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/Maximize_RE_Investing_Ad_320x50.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Fairness Belief","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/1631355119223.jpeg","imageAlt":"","title":"","physique":"","linkURL":"https://strive.trustetc.com/bigger-pockets/?utm_source=bigger_pockets&utm_medium=weblog&utm_campaign=awareness_education&utm_term=advert","linkTitle":"","id":"67acbacfbcbc8","impressionCount":"34625","dailyImpressionCount":"571","impressionLimit":"244525","dailyImpressionLimit":"758","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/ET_15-Min_RE_Guide_720x90.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/ET_15-Min_RE_Guide_300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/ET_15-Min_RE_Guide_300x600-1.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/ET_15-Min_RE_Guide_320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Fairness 1031 Alternate","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/1631355119223.jpeg","imageAlt":"","title":"","physique":"","linkURL":"https://getequity1031.com/biggerpockets?utm_source=bigger_pockets&utm_medium=weblog&utm_term=banner_ad","linkTitle":"","id":"678fe130b4cbb","impressionCount":"52409","dailyImpressionCount":"600","impressionLimit":"500000","dailyImpressionLimit":"1446","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/E1031_Avoid_Taxes_Ad_720x90.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/E1031_Avoid_Taxes_Ad_300x250.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/E1031_Avoid_Taxes_Ad_300x600.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/E1031_Avoid_Taxes_Ad_320x50.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"RESimpli","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/Shade-Icon-512x512-01.png","imageAlt":"","title":"","physique":"","linkURL":"https://resimpli.com/biggerpockets?utm_source=bigger_pockets&utm_medium=blog_banner_ad&utm_campaign=biggerpockets_blog","linkTitle":"","id":"679d0047690e1","impressionCount":"51975","dailyImpressionCount":"543","impressionLimit":"600000","dailyImpressionLimit":"3315","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/720x90-2.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/300x250-2.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/300x600-2.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/01/320x50-2.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Hire to Retirement","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/Logo_whtborder_SMALL-2.png","imageAlt":"","title":"","physique":"","linkURL":"https://touchdown.renttoretirement.com/og-turnkey-rental?hsCtaTracking=f847ff5e-b836-4174-9e8c-7a6847f5a3e6percent7C64f0df50-1672-4036-be7b-340131b43ea4","linkTitle":"","id":"67a136fe75208","impressionCount":"56739","dailyImpressionCount":"600","impressionLimit":"3000000","dailyImpressionLimit":"9010","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/720x90.jpg","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/300x250.jpg","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/300x600.jpg","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/320x50.jpg","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Fundrise","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/512x512.png","imageAlt":"","title":"","physique":"","linkURL":"https://fundrise.com/campaigns/fund/flagship?utm_medium=podcast&utm_source=biggerpockets&utm_campaign=podcast-biggerpockets-2024&utm_content=REbanners","linkTitle":"","id":"67a66e2135a2d","impressionCount":"49208","dailyImpressionCount":"513","impressionLimit":"1000000","dailyImpressionLimit":"3049","r720x90":null,"r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/Fundrise-300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/Fundrise-300x600-1.png","r320x50":null,"r720x90Alt":null,"r300x250Alt":"","r300x600Alt":"","r320x50Alt":null},{"sponsor":"Kiavi","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/Kiavi-Brand-Sq..png","imageAlt":"","title":"","physique":"","linkURL":"https://app.kiavi.com/m/getRate/index?utm_source=Biggerpockets&utm_medium=Contentpercent20Partner&utm_campaign=Biggerpockets_CP_blog-forum-display-ads_Direct_Lead&utm_content=202502_PR_Display-Ad_Mix_mflow&m_mdm=Contentpercent20Partner&m_src=Biggerpockets&m_cpn=Biggerpockets_CP_blog-forum-display-ads_Direct_Lead&m_prd=Direct&m_ct=html&m_t=Show-Advert&m_cta=see-rate","linkTitle":"","id":"67aa5b42a27c3","impressionCount":"48076","dailyImpressionCount":"450","impressionLimit":"500000","dailyImpressionLimit":"1539","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/BP_blog_AdSet-720x90-1.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/Untitled-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/BP_Blog_AdSet_300x600.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/02/BP_Blog_AdSet_320x50.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""},{"sponsor":"Realbricks","description":"","imageURL":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/03/ga8i9pqnzwmwkjxsmpiu.webp","imageAlt":"","title":"","physique":"","linkURL":" https://realbricks.com?utm_campaign=9029706-BiggerPockets&utm_source=weblog&utm_medium=banner_ad","linkTitle":"","id":"67c5c41926c9f","impressionCount":"35070","dailyImpressionCount":"662","impressionLimit":"500000","dailyImpressionLimit":"5556","r720x90":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/03/Weblog-Banner-720x90-2.png","r300x250":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/03/Weblog-Banner-300x250-1.png","r300x600":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/03/Weblog-Banner-300x600-1.png","r320x50":"https://www.biggerpockets.com/weblog/wp-content/uploads/2025/03/Weblog-Banner-320x50-1.png","r720x90Alt":"","r300x250Alt":"","r300x600Alt":"","r320x50Alt":""}])"> ...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

© Copyright - Premium Alpha

WP2Social Auto Publish Powered By : XYZScripts.com