| Truglia for
Stealing $20M in Crypto Got 18 Months Said
No Key Now Financial Statement
By Matthew
Russell Lee, Patreon
SDNY COURTHOUSE,
Dec 11 – Nicholas Truglia was
charged with -- and pleaded
guilty to - cyber intrusion in
order to steal
crypto-currency.
On May 21, 2021 U.S. District
Court for the Southern
District of New York Judge
Alvin K. Hellerstein held a
proceeding. Inner City Press
covered it.
Truglia was
charged with "SIM swapping;"
the complaint says $23.8
million were diverted. Then
money was
laundered.
Judge
Hellerstein set a deadline of
June 29 , 2021 at 2:30 pm to
make motions or waive the
right.
Truglia
pled guilty on October 28,
2021, and was belatedly set
for sentencing on November 2,
2022. Inner City Press again
was there.
After a
discussion of information
still lacking from his counsel
to Probation for the
Pre-Sentencing Report, it was
postponed to November 30, and
he was taken back into
detention. Inner City Press
live tweeted here
More on Patreon here.
On December 1,
Judge Hellerstein arrived at
18 months, 12 of them already
served, and the six to be cut
by "good time." Thread:
In August
of 2023 the question was
whether Truglia had failed to
pay restitution, and thus
whether he should be
resentenced. A hearing was
held in early November, with
questioning about a Trezor
cold storage wallet. And on
November 17 the prosecutors
urged the resentencing, citing
"the elaborate and fraudulent
scheme the defendant has
pursued since sentencing in an
attempt to deceive this Court,
the Probation Office and his
victim that he would honor
that obligation."
On December 23,
Federal Defenders wrote in
that Truglia cannot be
resentenced for failure to pay
restitution, only failure to
pay a fine - and stating that
Truglia "has been unable to
find the key that would allow
him to gain access to the
wallet with the Bitcoins."
Docketed on
February 29, "ORDER ON CIVIL
CONTEMPT as to Nicholas
Truglia: Upon the motion of
the Government for an order to
show cause for a finding that
Defendant Nicholas Truglia is
in willful default of the
Court's order of restitution,
and for a finding of civil
contempt and resentencing, it
is ordered that Defendant is
in civil contempt of the
Court's order of restitution.
Defendant shall be
incarcerated until such time
as he satisfies his
obligations to make the
restitution imposed by the
Court or establishes to the
satisfaction of the Court that
he has taken all reasonable
bona fide steps available to
him to satisfy his restitution
obligation. Resentencing is
deferred until the next status
conference, scheduled for
September 17, 2024 at 11 a.m,
or such earlier date as the
Court orders. SO ORDERED.
(Signed by Judge Alvin K.
Hellerstein on 2/29/2024)."
On November 12,
2024, Judge Hellerstein
ordered him released: "RELEASE
FROM CUSTODY ORDER as to
Nicholas Truglia. The Court
having considered the length
of time and the conditions in
which Defendant has been
jailed, and having considered
that Defendant may more
efficiently pursue restitution
efforts if released, Defendant
is hereby released from civil
confinement, effective
immediately, upon condition
that he continue to further
assist the United States
Government in pursuing
restitution efforts. SO
ORDERED. (Signed by Judge
Alvin K. Hellerstein on
11/12/2024)
On December 11,
2024 they were back at it, and
Inner City Press was in the
courtroom. Judge Hellerstein
requested certified financial
statements and set a date for
re-sentencing: ORDER as to
Nicholas Truglia.
Re-Sentencing set for
3/19/2025 at 10:30 AM before
Judge Alvin K. Hellerstein
Watch this site.
The case is US v.
Truglia, 19-cr-921
(Hellerstein)
***
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