Currencies38393
Market Cap$ 2.28T+0.91%
24h Spot Volume$ 24.90B+1.24%
DominanceBTC56.70%+0.04%ETH10.07%+1.32%
ETH Gas0.10 Gwei
Cryptorank
/

Former LAPD Officer Gets Life for $350K Bitcoin Robbery


Former LAPD Officer Gets Life for $350K Bitcoin Robbery

Share:

AI Overview

Former LAPD officer Eric Halem was sentenced on Aug. 4, 2026 to life plus 15 years after a March conviction for kidnapping and robbing a teenager of a hard drive holding about $350,000 in Bitcoin, with parole eligibility after seven years. Prosecutors say Halem and accomplices posed as officers, used LAPD-marked gear and an access code to seize the device, highlighting acute security risks for hardware wallets and custody practices and prompting potential regulatory and safety scrutiny amid related pending crypto-linked fraud and home-invasion charges.

Bearish

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Former Los Angeles Police Department officer Eric Halem has been sentenced to life plus 15 years in state prison for kidnapping and robbing a teenager of a hard drive holding about $350,000 in Bitcoin.

Los Angeles County Superior Court Judge Mildred Escobedo handed down the sentence on Aug. 4 after rejecting Halem’s request for a new trial. His attorneys argued that his previous legal team failed to call witnesses and properly examine important evidence.

 Eric Halem (Source: CBS News)

Escobedo found that Halem’s former attorneys performed above the required standard and said the evidence against him was overwhelming. She described the crime as driven by “sheer and utter greed” before imposing concurrent life terms for kidnapping and robbery.

According to the Los Angeles County District Attorney’s Office, Halem must serve most of the additional 15-year term before beginning the life sentences. A spokesperson said he could become eligible for parole after seven years.

Attackers Posed as Police Officers

A jury convicted the 38-year-old in March after a two-week trial. Prosecutors said Halem and three accomplices posed as officers executing a search warrant to gain entry to an 18th-floor apartment in Koreatown in December of 2024.

The group reportedly arrived in vehicles linked to Halem’s luxury car rental company, wore police-marked vests and used an access code obtained through a conspirator. Trial testimony showed that the attackers restrained the 17-year-old victim and his girlfriend with handcuffs, including LAPD-issued restraints, before threatening to shoot the teenager unless he surrendered the hard drive.

Prosecutors also presented messages indicating that Halem monitored police radio traffic after the robbery and discussed the arrests of alleged accomplices. The jury deliberated for less than a day before finding him guilty.

More Criminal Cases Pending

Halem left full-time LAPD service in 2022 after 13 years but was a reserve officer when the robbery occurred.

He still faces an insurance fraud case involving an allegedly staged Bentley crash and charges tied to a separate crypto-related home invasion that prosecutors say occurred days before the robbery for which he was convicted. In the separate home-invasion case, prosecutors allege two victims were handcuffed while cryptocurrency, cash and jewelry were stolen.

Those remaining charges are allegations, and Halem is presumed innocent in the pending cases. His co-defendants in the teenager’s robbery have not yet been tried and also maintain their innocence.

Read the article at Coinpaper

In This News

Coins

$ 64.60K

+0.88%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 64.60K

+0.88%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

AI Agent Faked Identities to Push Malicious Code During Cyber Test, AISI Finds

AI Agent Faked Identities to Push Malicious Code During Cyber Test, AISI Finds

In Brief Anthropic's Mythos 5 created fake identities to push malicious code during ...
Failed Bitcoin Home Invasion Leads to Charges for 3 Missouri Men

Failed Bitcoin Home Invasion Leads to Charges for 3 Missouri Men

Three Missouri men face federal charges over an alleged Connecticut home-invasion plo...