{"id":573097,"date":"2024-02-03T01:00:19","date_gmt":"2024-02-03T01:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573097"},"modified":"2024-06-11T08:32:04","modified_gmt":"2024-06-11T08:32:04","slug":"criminals-behind-2m-school-theft-admit-guilt-crypto-mining-scheme-uncovered","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/criminals-behind-2m-school-theft-admit-guilt-crypto-mining-scheme-uncovered\/","title":{"rendered":"Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered"},"content":{"rendered":"<p><span style=\"font-weight: 400\">In recent developments, two California school district officials have admitted guilty to stealing up to $1.8 million and misappropriating electricity to finance and operate a clandestine crypto-mining operation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The United States Department of Justice (DOJ) disclosed that Jeffrey Menge, former Assistant Superintendent and Chief Business Officer of Patterson Joint Unified School District, and Eric Drabert, the district&#8217;s IT Director, pleaded guilty to charges of theft concerning programs receiving federal funds.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Fraudulent Billing Scandal<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to the DOJ\u2019s <\/span><a href=\"https:\/\/www.justice.gov\/usao-edca\/pr\/former-assistant-superintendent-and-former-it-director-patterson-joint-unified-school\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">statement<\/span><\/a><span style=\"font-weight: 400\">, Menge, as Assistant Superintendent, hired Drabert as the school district&#8217;s IT director around 2020.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Together, they orchestrated a series of<\/span><a href=\"https:\/\/uniquehot.com\/crypto\/late-evidence-in-criminal-trial-irks-sbf-ftx-explores-options-for-ai-stock-sale\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> illicit activities<\/span><\/a><span style=\"font-weight: 400\"> to siphon funds from the district. Menge reportedly utilized a Nevada-based company called CenCal Tech LLC, which he controlled, as a front for the crypto scheme.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-project-timelines-shib-price\/\" target=\"_blank\" rel=\"noopener \">Timeline For All Shiba Inu Projects Revealed As SHIB Price Readies To Soar<\/a><\/div>\n<p><span style=\"font-weight: 400\">The investigation revealed that to circumvent <\/span><a href=\"https:\/\/uniquehot.com\/crypto\/criminal-whales-hold-25-billion-in-crypto-assets-chainalysis-report\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">restrictions <\/span><\/a><span style=\"font-weight: 400\">on conducting interested party transactions, Menge created a fictitious executive, &#8220;Frank Barnes,&#8221; to represent CenCal Tech.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Through this setup, it is alleged that Menge and Drabert executed fraudulent transactions worth over $1.2 million, involving practices such as <\/span><a href=\"https:\/\/uniquehot.com\/news\/binance-helps-uk-police-bring-50m-crypto-criminal-to-justice\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">double billing<\/span><\/a><span style=\"font-weight: 400\">, overbilling, and billing for undelivered items.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Illicit Crypto Mining Operation Unveiled\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Diversifying their<\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-community-reacts-to-russias-criminalization-of-undeclared-crypto-activity\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> criminal activities<\/span><\/a><span style=\"font-weight: 400\">, Menge and Drabert went beyond financial embezzlement, according to the US Department of Justice.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The law enforcement agency stated that the individuals utilized \u201chigh-end graphics cards,\u201d school district property, and electricity to establish and operate a crypto mining farm within the school district.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The illegally mined crypto assets were then redirected to wallets under their control. Additionally, Menge is alleged to have exploited school district-owned vehicles, acquiring a Chevy truck at a discounted price and selling it for personal profit while using a Ford Transit van as his vehicle.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-highest-whale-accumulation\/\" target=\"_blank\" rel=\"noopener \">XRP Records Highest Single Day Whale Accumulation Since Ripple\u2019s Partial Victory Over SEC<\/a><\/div>\n<p><span style=\"font-weight: 400\">The overall magnitude of the embezzlement was staggering. Menge <\/span><a href=\"https:\/\/uniquehot.com\/news\/crypto-demanding-cybercriminals-ramp-up-ransomware-threat-with-data-exposure\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">misappropriated <\/span><\/a>funds between<span style=\"font-weight: 400\">\u00a0$1 million and $1.5 million, while Drabert was found guilty of stealing between $250,000 and $300,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The DOJ revealed that the ill-gotten gains were used for \u201clavish\u201d personal expenses. Menge indulged in remodeling his residence, purchasing luxury vehicles, including a Ferrari sports car, and funding other personal endeavors. Drabert, on the other hand, utilized stolen funds to renovate his vacation cabin and for various personal expenses.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The guilty pleas by Jeffrey Menge and Eric Drabert, former officials of Patterson Joint Unified School District, shed light on a shocking case of embezzlement and crypto mining fraud within the education system.\u00a0<\/span><\/p>\n<figure style=\"width: 1814px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/IXdw9FfW\/\" alt=\"Crypto \" width=\"1814\" height=\"858\"><figcaption class=\"wp-caption-text\">The daily chart shows the total crypto market cap&#8217;s valuation at $1.6 trillion. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from Shutterstock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In recent developments, two California school district officials have admitted guilty to stealing up to $1.8 million and misappropriating electricity to finance and operate a clandestine crypto-mining operation.\u00a0 The United States Department of Justice (DOJ) disclosed that Jeffrey Menge, former Assistant Superintendent and Chief Business Officer of Patterson Joint Unified School District, and Eric Drabert, the district&#8217;s IT Director, pleaded guilty to charges of theft concerning programs receiving federal funds.\u00a0 Fraudulent Billing Scandal According to the DOJ\u2019s statement, Menge, as Assistant Superintendent, hired Drabert as the school district&#8217;s IT director around 2020.\u00a0 Together, they orchestrated a series of illicit activities to siphon funds from the district. Menge reportedly utilized a Nevada-based company called CenCal Tech LLC, which he controlled, as a front for the crypto scheme.\u00a0 Related Reading: Timeline For All Shiba Inu Projects Revealed As SHIB Price Readies To Soar The investigation revealed that to circumvent restrictions on conducting interested party transactions, Menge created a fictitious executive, &#8220;Frank Barnes,&#8221; to represent CenCal Tech.\u00a0 Through this setup, it is alleged that Menge and Drabert executed fraudulent transactions worth over $1.2 million, involving practices such as double billing, overbilling, and billing for undelivered items. Illicit Crypto Mining Operation Unveiled\u00a0 Diversifying their criminal activities, Menge and Drabert went beyond financial embezzlement, according to the US Department of Justice.\u00a0 The law enforcement agency stated that the individuals utilized \u201chigh-end graphics cards,\u201d school district property, and electricity to establish and operate a crypto mining farm within the school district.\u00a0 The illegally mined crypto assets were then redirected to wallets under their control. Additionally, Menge is alleged to have exploited school district-owned vehicles, acquiring a Chevy truck at a discounted price and selling it for personal profit while using a Ford Transit van as his vehicle. Related Reading: XRP Records Highest Single Day Whale Accumulation Since Ripple\u2019s Partial Victory Over SEC The overall magnitude of the embezzlement was staggering. Menge misappropriated funds between\u00a0$1 million and $1.5 million, while Drabert was found guilty of stealing between $250,000 and $300,000.\u00a0 The DOJ revealed that the ill-gotten gains were used for \u201clavish\u201d personal expenses. Menge indulged in remodeling his residence, purchasing luxury vehicles, including a Ferrari sports car, and funding other personal endeavors. Drabert, on the other hand, utilized stolen funds to renovate his vacation cabin and for various personal expenses. The guilty pleas by Jeffrey Menge and Eric Drabert, former officials of Patterson Joint Unified School District, shed light on a shocking case of embezzlement and crypto mining fraud within the education system.\u00a0 Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":573098,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1532,6664,15957,13667,88285,11450,14690,1558,67971,32534],"class_list":["post-573097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-criminal","tag-crypto","tag-crypto-crackdown","tag-crypto-crime","tag-crypto-crimes","tag-crypto-mining","tag-crypto-news","tag-cryptocurrency","tag-total-crypto-market","tag-total-crypto-market-cap"],"acf":[],"yoast_head":"\n<title>Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered<\/title>\n<meta name=\"description\" content=\"Two California school officials have admitted guilty to stealing up to $1.8 million and operate a clandestine crypto-mining operation.\" 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