Bitcoin mixer Gary Harmon, brother of Helix CEO Larry Harmon, has received 712 Bitcoins confiscated by the state as part of the ongoing lawsuit against his arrested brother. He admitted to embezzling.
Gary Harmon after the arrest of his brother Larry Harmon 712 BitcoinsHe admitted that he embezzled the . To the said assets belonging to Larry, in the ongoing criminal case was confiscated by the state. But in this process, Garry, who violated federal laws by transferring the money to his own account, was caught as a result of long investigations by law enforcement.
Gary is said to have used recovery words (Seed-Key) to access his brother’s wallets. According to the results of the investigation, Larry was seized in April 2020. Trezor transferred from their wallets to their own wallets with eight different transfers. 712 BTC current value It was equivalent to $5.4 million.
Transition to a luxurious life
Gary, who pulled millions of dollars from his brother’s wallets, then moved to Cleveland, according to court records. a luxury apartment for buy BlockFi used their Bitcoins as collateral through 1.2 million dollar loan pulled.
Even when Gary was initially presented with evidence of the proceedings in question, prosecutors vehemently denied all accusations stated. The images that came out of Gary’s cell phone during the police investigation created surprise. The images in question coming out of the phone are Gary’s to the dancers, to luxury hotels and to expensive drinks revealed that he spent hundreds of thousands of dollars overnight.
More than $12 million in cryptocurrencies seized
After all the evidence, Gary admitted to the charges as part of the confession agreement. 647 Bitcoins, 2 Ethereum (ETH) and 17.4 million Dogecoins (DOGE) Authorized the seizure of more than $12 million in cryptocurrencies, including
According to Gary Harmon’s estimation of lawyers up to 40 years in prison expected to be punished.