Key Points
- Kevin Segal, a self-proclaimed “Bitcoin billionaire”, is wanted after failing to appear in court.
- Segal is accused of defrauding Wyoming businesses out of over $212,000.
An arrest warrant is out for Kevin Segal, who claims to be a Bitcoin billionaire. Segal allegedly didn’t attend his court hearing, despite a friend posting his $50,000 bail.
Accusations and Possible Punishment
Segal is accused of defrauding businesses in Wyoming out of more than $212,000. If found guilty, the 30-year-old from California could face up to 141 years in prison.
The Daily Mail reports that Segal posed as a wealthy businessman looking to buy millions in real estate in Jackson Hole. He left a trail of unpaid bills at luxury resorts and businesses. Judge Bill Simpson issued a bench warrant across all 50 states when Segal missed his court appearance and allegedly didn’t surrender his passport as instructed.
Broken Promises and Financial Damage
Jason Irvine, who paid Segal’s bail, said he maxed out three credit cards to help a friend. Irvine alleges that Segal promised him a large Bitcoin payout equivalent to half a million dollars in exchange for posting the bond. However, Segal vanished after being released from jail on February 14.
Irvine felt betrayed and texted Segal, expressing his disbelief in anything Segal said anymore. Due to the financial damage, Irvine is now considering bankruptcy.
Investigators found that Segal had been involved in fraudulent activities across Wyoming. He reportedly stayed at the luxurious Amangani resort with his mother and a friend, leaving behind an unpaid bill of $2,725.76.
At Spring Creek Ranch, the three cards he used for bills totaling over $22,000 were reported as fraudulent. He also allegedly left the Mangy Moose Saloon with an unpaid $3,055.28 tab.
The alleged scams also affected individuals. Prosecutors claim Segal hired a man to buy a DJI drone in Colorado, promising reimbursement. He then wrote a check for $3,281.46 that didn’t clear.
In another case, he sent a delivery man to drive a Dodge back to Los Angeles, promising to pay for return flights that were never bought. The men were stranded and had to buy their own tickets home. Segal later sent a fake wire transfer screenshot to cover their $3,101 in expenses.
Segal has previously faced a civil lawsuit for falsely claiming to have stocks worth over $340 million and a successful company to lease a property in Los Angeles.
If caught, Segal’s bond will be significantly increased to $750,000 cash-only.
