An arrest warrant has been issued. Kevin Segal is a self-proclaimed “Bitcoin billionaire” who was allegedly not appearing at court hearing after a friend posted a $50,000 bond.
Prosecutors accused Segal of fraudulent Wyoming businesses of over $212,000. A 30-year-old California resident faces up to 141 years in prison if convicted.
According to a report by Daily Mail, Segal pretended to be a wealthy businessman trying to buy millions of real estate in the Jackson Hole area, leaving an unpaid bill trail to luxury resorts and businesses.
Judge Bill Simpson is allegedly issued bench warrants to all 50 states after Segall skipped his court appearance Wednesday and did not waive his passports as per the order.
Jason Irvine, who posted Segal's bonds, told Cowboy State that he made the most of his three credit cards every day to help what he believed was a friend in need. Irvine claimed that Segal had promised him “a large Bitcoin payment worth $500,000 in exchange for mailing bonds,” but disappeared after being released from prison on February 14th.
“He explained the situation and basically denied all the charges that were written in the newspaper,” Irvine said. “[He] He said it was honor and slander. And he had no intention of scaming anyone. He was locked up in prison [said] So no one could pay him back. ”
After feeling betrayed, Irvine texted Segal. Irvine is currently considering bankruptcy due to financial damage.
Investigators have discovered patterns of fraud throughout Wyoming. Segal reportedly stayed at a gorgeous Amangani resort with his mother and friends, leaving behind an unpaid bill of $2,725.76.
Spring Creek Ranch reported that three cards used on bills totaling over $22,000 were fraudulent. It was also reported that he left Mangie's moose saloon with an unpaid 3,055.28 tab.
Suspicious fraud has also been extended to individuals. Prosecutors say Segal hired a man to buy a DJI drone in Colorado on a promise of refunds, and later wrote a check for $3,281.46 that he failed to clear.
In another example, he promised to send a delivery man to drive an evasion to Los Angeles and pay for a return flight he had never bought. The man gets stuck and is forced to buy his tickets for the house, and Segal later sends a fake wire transfer screenshot to cover the $3,101 cost.
This is not Segal's first legal trouble. Court documents obtained by Daily Mail show he had previously faced civil lawsuits, falsely claiming that the shares were over $340 million, and that he had successfully leased a company that leased its Los Angeles estate.
If caught, Segal faces a significantly increased bond with only $750,000 in cash.
