NJ Cop Arrested for Selling Stolen Bitcoin Mining Hardware

A New Jersey police officer has been arrested for allegedly selling stolen Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining hardware.

Vincent Saggese of the Plainfield Police Department is charged with official misconduct and receiving stolen property, according to Somerset County prosecutors. He reportedly met twice with an undercover agent from the prosecutor's office and negotiated the equipment's sale.

Saggese also allegedly conspired with an undercover agent to provide the address and photo of certain license plate owner, accepting $250 in return.

When arrested last Friday, the slip of paper in which he recorded the license plate information was supposedly discovered in his pocket. Officer Saggese has been released on bail.

The arrest comes nearly a month after two federal agents were also charged for abusing their powers to make unlawful gains during the course of the Silk Road investigation and defrauding bitcoin related businesses.

The events highlight another layer of complexity to the prospects of sustainable law enforcement in the crypto industry. The pseudo-anonymous nature of Bitcoin has found appeal with criminals, but has also tempted rogue law enforcement personnel hitherto constrained by the centralization of the traditional financial system.