Blockparty CTO, Rikesh Thapa, has been officially charged of defrauding the start-up out of $1M, which started from his employment in December 2017 and September 2019. He collected the amount by apparently:

• Falsified reports and misrepresenting Bitcoin transactions, siphoning some into his own pocket

• Selling almost 174,285 of Blockparty’s tokens to interested buyer’s for cash, which some of the money he received was counterfeit, it was determined later on

• Deleting emails and other paper trails

He used this money to party at nightclubs, country tours and shopping sprees. Eventually he was caught and only just recently charged with one count of wire fraud, which carries a possible 20-years of jail sentence.

Sounds like that one guy you know, who thinks he’s smarter than everyone else in the room and he believes everyone’s too stupid to figure it out. Well you were just figured out. Good luck for the next 20 years!

Written by: nikethereum.eth / Medium / Mirror