Judge Forces Alleged ICO Fraudster to Fork over $3.7 Million in Bitcoin

July 22, 2018

 

Judge Raymond W. Pronovost on Thursday ordered Lacroix to give his bitcoins to the administrator and to come to the courtroom Friday to confirm the transaction. The attorney for the court-appointed temporary administrator for the couple’s assets, Hugo Babos-Marchand, had said the bitcoins could be transferred easily. Lacroix told the judge the transfer was complicated by the seizure of his computers. Officials then brought a computer into the courtroom to allow Lacroix to make the transfer of 420 bitcoins, which he performed. The judge told Lacroix he faced jail if he did not transfer the bitcoins.

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