Five Arrested in BitCoin Robbery Plot

Bitcoin Robbery - Ibinex News

The Forsyth County Police Department in Georgia has arrested five men in connection with a plan to invade a Forsyth County home in the hopes of stealing $1 Million in Bitcoin.

The arrests come on the heels of a four-month-long investigation, following the police response to what was initially thought to be a drug investigation at a local hotel. Police detectives made contact with four males who had zip ties, latex gloves, duct tape and bandanas in their possession. However, due to a lack of sufficient evidence, the four males were released from custody.

The subsequent investigation linked the suspects to a planned robbery of a homeowner, with the men allegedly targetting the owner’s Bitcoin. After detectives were able to secure arrest warrants, they moved to arrest the four men-Trivette Adams, Matthew Schwartz, Jacob South, and Michael McDermont.

Officers arrested Adams and McDermont near the Hartsfield-Jackson International Airport in Atlanta before they were able to flee. South and Schwartz, meanwhile, were able to flee, but were captured by Major Crimes Unit detectives in Chicago and extradited.

Lastly, a fifth suspect, Justin Ellison of Illinois, was arrested on May 11 following an interview conducted by Illinois detectives in connection with the investigation.

The foiled conspiracy should serve as a reminder to all: keep not only your private keys hidden, but also keep the contents of said wallets on a need-to-know basis, for safety’s sake.

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