# Police Seek “Bitcoin Tycoon” in Relation to $50,000 Bond Deception
Kevin Siegel, who refers to himself as a “Bitcoin Tycoon,” is wanted by the authorities after he purportedly fled following a friend’s posting of his $50,000 bond.
Siegel is accused by prosecutors of defrauding Wyoming businesses of over $212,000. The 30-year-old Californian could spend up to 141 years in prison if found guilty.
According to reports, Siegel posed as a rich businessman and made an effort to acquire million-dollar homes in the Jackson Hole region while accumulating unpaid debts at upscale resorts and establishments.
After Siegel allegedly failed to surrender his passport as instructed and failed to appear for his court hearing on Wednesday, Judge Bill Simpson issued the countrywide arrest order.
Jason Irwin, who provided Siegel’s bail money, informed the Cowboy State Daily that he had used up three credit cards to assist a friend he believed was in need. Irwin asserts that Siegel promised him a “huge Bitcoin payout worth $500,000” in exchange for bailing him out, but then vanished after being freed on February 14.
“He described the circumstance and essentially refuted all of the claims made in the newspaper,” Irwin stated. “[He] claimed it was libel and defamation, and he had no plans to con anyone. He was imprisoned and [said] that he was unable to reimburse anyone as a result.”
Irwin texted Siegel, feeling betrayed: “You deceived me, and I no longer believe anything you say.” Irwin is now considering declaring bankruptcy as a result of the financial loss. Prominent Crypto Anarchist Calls for Incineration of Quantum-Compromised Bitcoin
A string of alleged frauds throughout Wyoming have been discovered by investigators. Siegel is said to have left behind an unpaid bill of $2,725.76 after staying at the opulent Amangani Resort with his mother and a friend.
Three cards that he used to pay invoices totaling more than $22,000 at Spring Creek Ranch are said to have been fake.
Reports indicate he departed from a drinking establishment known as Mungi Reindeer Bar, leaving behind an outstanding balance of $3,055.28.
Supposedly, his deceitful actions also impacted private citizens. In one instance, he enlisted a delivery person to transport a Dodge vehicle back to Los Angeles, guaranteeing payment for their return air travel, but it is rumored that he never actually acquired the ticket. These people were abandoned and forced to procure their own tickets for the journey back. Subsequently, Siegal purportedly transmitted a fabricated wire transfer image to settle their $3,101 expenditures. Attorneys further assert that Siegal contracted someone in Colorado to procure a DJI drone, assuring compensation, but then furnished a check for $3,281.46 that was dishonored.
This isn’t Siegal’s initial encounter with legal issues. Legal records acquired by the Daily Mail disclose that he previously encountered a civil legal action for allegedly falsely presenting himself as possessing over $340 million in equities and possessing a prosperous enterprise to secure a lease on a property in Los Angeles.
If taken into custody, Siegal might confront a notably amplified financial surety, possibly reaching $750,000 in legal tender.
