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Home News Crime

‘Bitcoined!’ Here’s why Woodberry may keep his loot, FBI discloses

Freelanews by Freelanews
July 5, 2020
in Crime
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The Federal Bureau of Investigation (FBI) has revealed that the money stolen by Woodberry from two undisclosed companies in Chicago, United States Of America may not be retrieved from him because he transferred it into a cryptocurrency (Bitcoin).

Recall it was reported Woodberry’s case was read in court where it was revealed that he had successfully defrauded two Chicago based companies in the tune of $15 million through the use of fake email appearing to have come from the companies chief account officer.

Latest development reveals that the money may not be retrieved for life as the bitcoin blockchain system is not easily accessible, since Woodberry is the only one who can operate it.

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Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

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