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    Home / News / World News / Bitcoin thief photographed in cash-filled bathtub gets 4-year sentence
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    Bitcoin thief photographed in cash-filled bathtub gets 4-year sentence
    The man faced four years term for stealing 713 Bitcoins

    Bitcoin thief photographed in cash-filled bathtub gets 4-year sentence

    By Sneha Das
    Apr 28, 2023
    02:09 pm

    What's the story

    A man from Ohio in the United States of America has been sentenced to four years in prison after being photographed in a bathtub full of dollar bills.

    He stole 713 Bitcoins from a government-seized computer device. After the Bitcoins vanished from the IRS's device, agents discovered his photo in a tub full of cash at a nightclub.

    Here's some more information.

    Bitcoin wallets

    Harmon used his brother's credentials to recreate eight Bitcoin wallets

    US District Judge Beryl Howell in Washington, DC sentenced 31-year-old Gary Harmon on Thursday after he pleaded guilty in January.

    According to the US Justice Department, he also agreed to forfeit cryptocurrencies and other property worth more than $20 million.

    Harmon had used his brother's credentials to recreate eight Bitcoin wallets stored on a device in Internal Revenue Service evidence locker in April 2020.

    Digital tokens

    The Bitcoin stolen was among 4,877 digital tokens 

    The 713 Bitcoins that he stole was then valued at $4.9 million. Harmon's brother Larry was charged in February 2020 for laundering $311 million in crypto transactions on Darknet sites.

    The Bitcoins stolen was among 4,877 digital tokens that were seized from Larry.

    After it disappeared from the device, a photo was found on Harmon's cellphone where he was lounging in a cash-filled bathtub.

    Spendings

    Harmon used 68 Bitcoins as collateral for $1.2 million loan

    According to prosecutors, Harmon spend some money to purchase a luxury condo in Cleveland, and used 68 Bitcoins as collateral for a $1.2 million loan.

    Harmon heard that the government lacked the "seed phrase" to access the Bitcoins that his brother had stored on a Trezor device.

    A person having that phrase with an additional pin can handle the Bitcoins from another device.

    Lawyer's statements

    Harmon's lawyer asked for a term of three years

    "While the conduct was certainly illegal, it is practically no different and no more sophisticated than obtaining a key to a safe deposit box and taking the contents of that box," Harmon's lawyer said.

    However, the prosecutors countered the lawyer's statements.

    Harmon's lawyer asked for a term of three years since his client has endured "extremely harsh conditions" during his 21 months in jail.

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