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Three-year jail sentence for theft of $2.19m in cryptocurrency
Summary
Conor Freeman, aged 21, was sentenced by Dublin Circuit Criminal Court to three years imprisonment for his role in an online theft of $2.19 million worth of cryptocurrencies. He pleaded guilty to possession of the proceeds of crime, specifically 142.75682712 Bitcoin, and to stealing $100,000 in cryptocurrency from Darran Marble, $1,921,335 from Seth Sharpiro, and $167,622.22 from Micheal Templeman between 15 and 18 May 2018. Freeman also pleaded guilty to three counts of dishonestly operating a computer for gain during the same period. He had no prior convictions. Judge Martin Nolan noted mitigating factors such as Freeman's guilty plea, cooperation, youth, and lack of prior offences, but imposed a custodial sentence to punish and deter. The sentence was reduced to two years and 11 months crediting time already spent in custody. Freeman's co‑accused are before courts in the United States.
Who, what, where, when and why
What: Report matter: Three-year jail sentence for theft of $2.19m in cryptocurrency. Charges or matters: possession of proceeds of crime; stealing cryptocurrency; dishonestly operating a computer. Procedural stage: sentence
When:
- May 15, 2018 Incident
- May 16, 2018 Other
- May 18, 2018 Other
- May 15 Other
- 2020-11-17 Publication
Why: Passing sentencing today, Judge Martin Nolan said that every system ever developed has its weaknesses because every system has to be user friendly. CNI source report
Case subjects
Defendant
Charges: possession of proceeds of crime; stealing cryptocurrency; dishonestly operating a computer (Admitted)
Plea: Guilty
Outcome: He sentenced Freeman to three years imprisonment, but reduced the sentence to two years and 11 months imprisonment to give him credit for time he has already spent in custody.
Places mentioned
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