State Senator Reports to Jail Pending Verdict in Cryptocurrency Fraud Case

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A Georgia state senator has reported to jail over allegedly lying about the theft of cryptocurrency mining equipment worth $300,000, The Guardian reported Dec. 27.

Republican Michael Williams, who originally reported the alleged theft in May, made a false police report and gave a false statement, court documents claim.

Williams had said servers with a value of $300,000, which had been used to mine unnamed cryptocurrencies, had disappeared from his office premises, local daily news outlet Atlanta Journal-Constitution reported Dec. 20.

Prosecutors are considering the possibility that the theft never took place, and last month Williams was indicted by grand jury on three counts and subsequently


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