Cryptocurrency Scam Victim Swears He Will Fly 3,000 Miles To See Scot Stand Trial On £ 7m Scam
A £ 7m cryptocurrency scam victim has promised to fly 3,000 miles to Scotland to help bring the prime suspect to trial.
Robert Barr, 25, was charged five years ago with extorting digital cash from millionaire Reggie Middleton while living with his mother in his family home in Ayrshire.
A 54-year-old cryptocurrency trader based in New York said the theft in 2017 triggered a chain of events that led to its financial ruin and is only now getting back on its feet.
Middleton told Sunday Mail that the missing digital cash – $ 8.5 million – could be sold for a profit, just like any other stolen money.
Over the past five years, its value will also increase, making its loss even greater.
Last month, we revealed how the US authorities are seeking to extradite Barr to stand trial in Georgia.
Middleton said, “I was shocked at what happened to me. I don’t know if Mr. Barr stole the money or not – I just want it back.
“I am ready to go to Georgia and even Scotland to get justice and see through it.”
Cryptocurrency is a form of virtual money that can be used in financial transactions over the Internet.
The Barr case was investigated by the FBI, the New York Police Department, and the United States Department of Homeland Security.
He reportedly transferred the stolen digital money to his own cryptocurrency account.
Prosecutors in Georgia say Barr collaborated with two other people in a complex scam known as “SIM card replacement”. This is where scammers trick cell phone companies into transmitting data on customers’ SIM cards so they can hack cryptocurrency accounts or wallets.
Middleton, who defined himself as an investor and philanthropist, claimed to have prevented even more break-ins.
He added: “I caught who it was like they did, 30 minutes after it started.
“I didn’t lose all my money, but a large amount.
“It was a huge loss, both financially and professionally. My business was basically bankrupted after years of hard work. But I’m coming back. “
The dad of three years Middleton invented and owns a patent that allows most types of cryptocurrencies to operate.
It is not surprising that one of the accused comes from a small town in Scotland.
He added: “In this era, geographic boundaries do not matter. You can be next to me or in Japan.
Middleton is also suing the telephone company T-Mobile for its loss.
Barr faces 20 years in prison if extradited to the United States and convicted. He is wanted on eight counts including bank fraud, money laundering and identity theft, and looks to face an extradition hearing at Edinburgh Sheriff’s Court in November.
The scams involving Barr were supposed to take place in May and July 2017, when he was just 20 years old.
The Scotsman and another man are also accused of using the same scam to steal £ 485,000 in cryptocurrency from a woman. Barr was arrested last February after filing a petition with the Scottish American police.
He appeared at the Edinburgh Sheriff’s Court and was temporarily arrested prior to formally instituting extradition proceedings in April last year.
The case ran until October, when he was released on bail at his mom’s home in Kilbirn, Ayrshire.
In April, his defense attorneys failed to ask a Edinburgh Sheriff’s Court to throw out the arrest warrant.
The case has already been examined by a grand jury in Georgia in 2020, when allegations were made against it.
In 2016, Barr was convicted of wasting police time on hoaxes that sent emergency services to a home in Monifieth, Angus in July 2014, believing he had been threatened with a knife.
Fan Rangers Barr was also convicted of involvement in the violence and turmoil that ruined the end of the Scottish Cup Final between Hibs and Rangers in May 2016 when fans stormed the field.
A spokesman for the Crown Office said the extradition case against Barr was underway.
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