US Edition
Man whose parents were kidnapped after $245M Bitcoin theft has pleaded guilty to federal charges
- Veer Chetal, a 19-year-old from Danbury, Connecticut, pleaded guilty this week to federal fraud and money laundering charges related to a $245 million Bitcoin theft last August in Washington, D.C.
- The theft was linked to a broader alleged online racketeering case indicted in May, involving 13 individuals including Malone Lam, which reportedly resulted in the theft of more than $260 million in cryptocurrency from both U.S. and international victims over a period spanning late 2023 to late 2024.
- Authorities accused Chetal, Lam, and Jeandiel Serrano of conducting online social engineering attacks targeting cryptocurrency holders and found over $500,000 in cash, jewelry, watches, and high-end clothing during raids on Chetal’s apartment and his parents’ home in September.
- A week after the theft, six men allegedly kidnapped and assaulted Chetal’s parents in Danbury during a failed ransom plot, which was quickly foiled by eyewitnesses and an off-duty FBI agent, leading to multiple arrests including a seventh man previously involved in a dispute with Chetal.
- Chetal faces a prison sentence of 19 to 24 years, fines ranging from $50,000 to $500,000, possible restitution, and the risk of deportation, while his father was dismissed from his position at Morgan Stanley due to the kidnapping and his son's involvement in the criminal matter.
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54 Articles
News Times
Crypto News Wire - Latest Crypto News And AnalysisConnecticut resident pleads guilty in $245M crypto heist that led to his parents' kidnapping
A Danbury man pleaded guilty to federal fraud charges that involving his parents being kidnapped for ransom, documents said.
Teen admits to US$245m Bitcoin theft charges, agrees to testify against co-accused Singaporean Malone Lam
US prosecutors say Veer Chetal, Jeandiel Serrano and Malone Lam lived large after the heist, spending millions of dollars on cars, jewellery, rental mansions and nightclub parties.
Man whose parents were kidnapped after $245M Bitcoin theft pleads guilty to charges
A Connecticut man whose parents were kidnapped after he took part in a $245 million Bitcoin theft has pleaded guilty to fraud and money laundering conspiracy charges and has agreed to testify against his co-defendants
Associated Press News
Man whose parents were kidnapped after $245M Bitcoin theft has pleaded guilty to federal charges
A Connecticut man whose parents were kidnapped after he took part in a $245 million Bitcoin theft has pleaded guilty to fraud and money laundering conspiracy charges and has agreed to testify against his co-defendants.
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