The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion

Discussion in 'Wall St. News' started by SunTrader, Oct 17, 2023.

  1. SunTrader

    SunTrader

    FSU, TraDaToR and gwb-trading like this.
  2. Pekelo

    Pekelo

    He should get a Medal of Honour:

    "At that point, the government “would have gotten $320 a coin or made somewhere about $14 million,” Bachner said. “Now, as a result of Jimmy having them, the government has gotten a $3 billion profit.”"

    Note to myself: Never keep ALL of my stolen goods in one place. Split it up into 4-5 places.
     
    SumZero and oraclewizard77 like this.
  3. Sentenced to one year and one day.

    The thing is, he stole them from a site on the dark web, and no one came forward to make a claim. I wonder what that portends...
     
    Last edited: Oct 17, 2023
  4. mikeriley

    mikeriley

    I suspect the Gov't did not get all of his coins.

    I'm sure Jimmy has several stash locations with millions of dollars.
    Maybe even some paper wallets buried in secret locations.
     
  5. SunTrader

    SunTrader

    The way he was throwing it around, doubt it.

    He was geek smart, not criminal smart.

    Anyway I hope he got a BJ or two for his effort.
     
    zghorner likes this.
  6. Typical Georgia fan!
     
  7. Jzwu2017

    Jzwu2017

    Wow he was so stupid to report the break-in. Living a flamboyant lifestyle would never end well.
     
  8. This is what Wall Street bank(st)ers learn first day on the floor - I mean splitting the "profit pool" aka "stolen goods" :sneaky::sneaky::sneaky:
     
  9. lwlee

    lwlee

    Yeah thinking the same thing. Same with SBF. He probably got something stashed someplace.
     
  10. Pekelo

    Pekelo

    What makes you think so? It is an easy math, how many coins were stolen from SR and how many were recovered, minus living large for a few years.

    I suspect the IRS can go after him once he is released.
     
    #10     Oct 18, 2023