Teenagers tried to steal 80 bitcoins

These five men have been arrested by the Forsyth County Sheriff’s Office for allegedly plotting to invade the home of a local teenager and steal nearly $1 million in Bitcoin cryptocurrency. They are Trivette Adams, Matthew Schwartz, Jacob South, Justin Eric Ellison and Michael McDermont. CUMMING — Five men have been arrested by the Forsyth County Sheriff’s Office for allegedly plotting to invade the home of a local teenager and steal nearly $1 million in Bitcoin cryptocurrency.

According to Cpl. Doug Rainwater of the Forsyth County Sheriff’s Office, authorities were alerted to the plot in January when a report indicated, “that individuals from out of state were possibly traveling to Forsyth County to commit this robbery.”

Rainwater said that on Jan. 29, 2018, four suspects — Trivette Adams, Matthew Schwartz, Jacob South and Michael McDermont — were located by the sheriff’s office narcotics unit in a local hotel, allegedly in possession of zip ties, latex gloves, duct tape and bandanas. They were released shortly after due to “insufficient evidence that a crime had been committed.”

“Continued investigation by the Sheriff’s Office Major Crimes Unit that night resulted in the connection of the four previously contacted suspects with the planned robbery,” Rainwater said. “Detectives secured arrest warrants for all four suspects and immediately set about attempting to locate them.”

Adams, 20, from Pflugerville, Texas, and McDermott, 18, from Rossville, California, were arrested Jan. 30 near Hartsfield-Jackson Atlanta International airport attempting to leave the state by plane. Both have since been charged with counts of strong arm robbery and criminal trespass.

Rainwater said that South, 21, from Norcross and Schwartz, 18, from Hesperia, California, initially eluded capture in Georgia, but were located and captured in Chicago the next day. Both have been charged with one count of strong arm robbery.

Through investigations a fifth suspect, Justin Eric Ellison, 20, of Worth, Illinois, was identified and located in Illinois by Forsyth County Detectives. Rainwater said Ellison was arrested May 11 after being extradited back to Forsyth County by the United States Marshal’s Service. He has been charged with one count of strong arm robbery and conspiracy to commit a felony.

Rainwater said that the four initial suspects had allegedly been “staking out” a local residence and were caught before they had a chance to carry out the plot.

“They knew the premises, knew the routines of the occupants,” Rainwater said. “They had everything figured out.”

He said that their intended victim reportedly had up to 80 Bitcoins, which could have been worth up to $800,000.

All five of the men have been booked into the Forsyth County Jail, and were denied bond.

Bitcoin, a cryptocurrency, is a decentralized digital currency that’s not bound or regulated by any bank. Cryptocurrencies can be exchanged online for cash. A growing number of services and products as common as fuel from a gas station can be bought using cryptocurrencies.

This arrest comes one day after reports that $300,000 worth of cryptocurrency mining servers were stolen from gubernatorial candidate Michael Williams’ office in Gainesville.

razeiv 2018-10-01 14:25:35 Reply
Pipitnurul 2018-05-26 13:29:05 Reply
Oh thanks god..That all guys have been jail..the reason why the Bitcoin very important as digital currency and so much interesting, so they want to rich fast but did not hard working .
frankydejavu 2018-05-23 08:14:24 Reply
Such guys are the reason for CryptoPolice needed for the community
dilan414 2018-05-23 03:12:24 Reply
I'm glad that they got arrested. Stealing is never good but by stealing bitcoins this also puts the cryptocurrency market in a bad daylight.