RATE Group | Canadian Executive Accused of Stealing over US$5 Million in Cryptocurrency
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Canadian Executive Accused of Stealing over US$5 Million in Cryptocurrency

07 Sep Canadian Executive Accused of Stealing over US$5 Million in Cryptocurrency

Posted at 20:45h in Cryptocurrency News by

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Bitcoin Theft

A senior executive at a Vancouver, British Columbia-based marketing firm allegedly preyed on the ignorance of his employer regarding cryptocurrencies to take off with digital assets worth millions of dollars.

In a lawsuit filed by Shair.Com Global Digital Services, the marketing firm accused Jason Arnold, its former chief operating officer, of stealing up to US$5.3 million and then claiming it was all lost after his company-issued laptop ‘died’. The Supreme Court of British Columbia consequently issued a ruling last month directing Arnold to turn over the computer regardless of its current condition.

According to the plaintiff, the decision to invest in cryptocurrencies came towards the end of 2013. With the defendant having promoted himself as the most knowledgeable in the firm with regards to digital assets he was tasked with exploring the opportunity.

When an Altcoin Fared Better than Bitcoin…

At the beginning of 2014, Arnold informed his employer that he had set up…

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