Three Men Charged with Plotting to Kidnap Bitcoin, Facing 20 Years in Prison
The U.S. Attorney's Office for Connecticut announced that three men from St. Louis, Sedric Louis, John Davis, and Martel Williams, have been charged with conspiracy to interfere with commerce by robbery, allegedly plotting to break into a residence and force the victim to transfer cryptocurrency related to a theft of hundreds of millions of dollars in Bitcoin. Each faces a maximum of 20 years in prison. Prosecutors allege that the three traveled to Connecticut from August 21 to 24, 2024, rented a car, and prepared items such as air guns and walkie-talkies, surveilling the target and their parents for two consecutive days before abandoning the plan due to concerns that residential cameras would record their movements. Subsequently, another group from Florida executed the same plan and was arrested on August 25 in connection with a carjacking involving a Lamborghini Urus, resulting in the arrest of six individuals. Louis and Davis have been detained since their arrest on June 25 and pleaded not guilty to the charges in Bridgeport federal court on July 30; Williams was released on bail after making the same plea on July 17. Prosecutors stated that the kidnapping target was the parent of individuals involved in the Bitcoin theft, and the indictment does not constitute evidence of guilt.
-- Price
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