FRANKFURT (Reuters) - German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s only one problem: they can’t unlock the money because he won’t give them the password.
The man was sentenced to jail and has since served his term, maintaining his silence throughout while police made repeated failed efforts to crack the code to access more than 1,700 bitcoin, said a prosecutor in the Bavarian town of Kempten.
“We asked him but he didn’t say,” prosecutor Sebastian Murer told Reuters on Friday. “Perhaps he doesn’t know.”
Bitcoin is stored on software known as a digital wallet that is secured through encryption. A password is used as a decryption key to open the wallet and access the bitcoin. When a password is lost the user cannot open the wallet.
The fraudster had been sentenced to more than two years in jail for covertly installing software on other computers to harness their power to “mine” or produce bitcoin.
When he went behind bars, his bitcoin stash would have been worth a fraction of the current value. The price of bitcoin has surged over the past year, hitting a record high of $42,000 in January. It was trading at $37,577 on Friday, according to cryptocurrency and blockchain website Coindesk.
Prosecutors have ensured the man cannot access the largesse, however.
Jadakiss shows off his sneaker collection during a quarantine episode of Complex Closets and gives a look at Yeezys, rare Air Jordans, and hype collaborations.
Posted by ChasinDatPaper on September 16, 2019 at 3:08pm
Report via TMZ -- Kevin Hart's sex tape partner claims Hart conspired with a friend to secretly record their encounter, and now she's suing him for $60 million.
Montia Sabbag claims in a new lawsuit, obtained by TMZ, her 2017 encounter with Hart in a Vegas hotel room was all planned by Hart and JT Jackson -- his friend who later was arrested for extortion. She says Hart was motivated by publicity ... the need to get more -- especially with an upcoming comedy tour -- and that's why he and JT allegedly hid the camera.
The suit claims Hart allowed Jackson into the Cosmopolitan Hotel suite so he could set up hidden video recording devices to capture the liaison. Jackson was later charged with 2 counts of extortion relating to alleged efforts to get money out of Hart to keep the tape under wraps. Jackson denied ever extorting the comedian.
Hart has repeatedly denied having any knowledge of the recording ... claiming he, too, was a victim of Jackson's extortion attempts. You'll recall Hart later apologized for his infidelity and was adamant nobody should profit off his mistake.
TMZ broke the story ... Kevin and Sabbag got up close and personal while partying at Marquee nightclub in Vegas. Sabbag, who back in September 2017 said she's a crime victim herself, is suing for intentional infliction of emotional distress and invasion of privacy.
It's been eleven years since Dave Chappelle walked away from his hugely successful sketch comedy television series, Chappelle's Show. Thankfully, he's returning to the airwaves via a three-part stand-up comedy special beginning Tuesday, March 21.
He's being paid handsomely for it, with Netflix handing over a $60 million dollar check for his services.
Dave recently sat down with Gayle King of CBS This Morning for an in depth conversation about his career and much more.
On leaving Chappelle's Show
I was talkin’ to a guy… he basically said to me that comedy is a reconciliation of paradox. And I think that that was a irreconcilable moment for me. That I was in this very successful place, but the emotional content of it didn’t feel anything like what I imagined success should feel like. It just didn’t feel right.
Does he miss Chappelle's Show?
Yeah ...But Chappelle’s Show’s like breakin’ up with a girl and you still like her. But in your mind you’re like, ‘That bitch is crazy. I’m not goin’ back.
Did fame scare him and cause him to temporarily go to South Africa?
Not so much that I'd get on a plane and go to Africa. Fame is not that kind of scary, but fame is a horrifying concept when it's aimed at you. At the end of the day you don't have that much control over it.
On his famous Prince sketch on Chappelle's Show
We tried to get Prince. We were like, 'Yeah we got this sketch and it's about you.' And Prince was like, 'No.' But then he saw the sketch and he loved it.
On why Key & Peele hurt his feelings
I fought the network very hard so that those conventions could come to fruition. So, like the first episode I do, that black white supremacist sketch. And it’s like, ‘Well, that’s 10 minutes long. It should be five minutes long.’ Why should it be five minutes long? Like, these types of conventions. I fought very hard. … So when I watch Key & Peele and I see they’re doing a format that I created, and at the end of the show, it says, ‘Created by Key & Peele,’ that hurts my feelings.
INDIANAPOLIS (AP) — The NCAA slammed Penn State for the Jerry Sandusky sex abuse scandal Monday with an unprecedented series of penalties, including a $60 million fine and the loss of all the school's victories from 1998-2011, knocking Joe Paterno from his spot as major college football's winningest coach.
Other sanctions include a four-year ban on postseason games that will prevent Penn State from playing for the Big Ten title, the loss of 20 scholarships per year over four years and five years' probation. The NCAA also said that any current or incoming football players are free to immediately transfer and compete at another school.
NCAA President Mark Emmert announced the staggering sanctions at a news conference in Indianapolis. Though the NCAA stopped short of imposing the "death penalty" — shutting down the Nittany Lions' program completely. But the punishment is so severe, it's more like a slow-death penalty.
Sandusky, a former Penn State defensive coordinator, was found guilty in June of sexually abusing young boys, sometimes on campus. An investigation commissioned by the school and released July 12 found that Paterno, who died in January, and several other top officials at Penn State stayed quiet for years about accusations against Sandusky.
Jerry Sandusky
Emmert fast-tracked penalties rather than go through the usual circuitous series of investigations and hearings. The NCAA said the $60 million is equivalent to the annual gross revenue of the football program. The money must be paid into an endowment for external programs preventing child sexual abuse or assisting victims and may not be used to fund such programs at Penn State.
"Football will never again be placed ahead of educating, nurturing and protecting young people," Emmert said.
By vacating 112 Penn State victories over a 14-year period, the sanctions cost Paterno 111 wins. Former Florida State coach Bobby Bowden will now hold the top spot in the NCAA record book with 377. Paterno, who was fired days after Sandusky was charged, will be credited with 298 wins.
The scholarship reductions mean that Penn State's roster will be capped at 65 scholarship players within a couple of seasons. The normal scholarship limit for major college football programs is 85. Playing with 20 less is crippling to a program that tries to compete at the highest level of the sport.
Emmert had earlier said he had "never seen anything as egregious" as the horrific crimes of Sandusky and the cover-up by Paterno and others at the university, including former Penn State President Graham Spanier and athletic director Tim Curley.
The investigation headed by former FBI Director Louis Freeh said that Penn State officials kept what they knew from police and other authorities for years, enabling the abuse to go on.
There had been calls across the nation for Penn State to receive the "death penalty," and Emmert had not ruled out that possibility as late as last week — though Penn State did not fit the criteria for it. That punishment is for teams that commit a major violation while already being sanctioned.
Joe Paterno's statue being removed near Beaver Stadium on Penn State's campus
Penn State has already agreed to not fight the sanctions.
Emmert said the university and the NCAA have signed a consent decree, essentially a pact signing off on the penalties.
"This case is obviously incredibly unprecedented in every aspect of it, as are these actions that we're taking today."
Even when Kanye West and Jay-Z tear something apart it's still worth money.
The Maybach 57 the two rap titans wheeled around in their video for "Otis" went up auction Thursday [March 8] and sold for $60,000 in less than five minutes. The price was less than the pre-sale estimate of $100,000 to $150,000 by auction house Phillips de Pury & Co, but then again the car was basically destroyed in the Spike Jonze directed video.
The vehicle normally retails for $375,000 when new.
Proceeds from the sale went to benefit the Save the Children organization to provide food for children in Africa.
They say everything is big in Texas, and the people in the town of Allen wouldn't argue with that statement.
The town is building a new state of the art, $60 million dollar palace for a high school team, all at the taxpayer's expense.
Citizens approved a $119 bond to build the stadium in 2009, by a wide margin.
The stadium is scheduled to open in late 2012 and will feature a video scoreboard, four concession stands, 12 restrooms, and 18,000 seats.
"Certainly we did not expect the cost to be $60 million dollars when we were going down this road," explains Ken Helvy, the Superintendent for the Allen, Texas school district "We weren't going for some type of record, but 18,000 seats is an unusual project for a high school."
Clearly this town isn't feeling the affect of the recession.
Cash Money CEO, Birdman just gave his daughter a night to remember recently.
Celebrating her birthday in style, Stunna's 13-year old daughter and her friends got to party exclusively at Miami club Pink Miami, which Birdman bought out for the night.
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