Money

“Bitcoin Bonnie & Clyde” to plead guilty

Published

3 years ago

July 23, 2023

Ilya Lichtenstein and Heather Morgan, known as the “Bitcoin Bonnie & Clyde,” are reportedly preparing to plead guilty for their involvement in an alleged cryptocurrency laundering scheme worth $4.5 billion.

The couple was charged with money laundering and conspiracy to defraud in the United States in February 2022, related to the laundering of 119,754 bitcoins stolen from Hong Kong’s Bitfinex in 2016.

In a recent court filing, it was revealed that Lichtenstein and Morgan have been newly charged with a document called an “information,” which outlines criminal charges similar to an indictment but does not require a grand jury’s vote. This suggests that they may have agreed to plead guilty, and federal prosecutors commonly use such documents in such cases.

“Bitcoin Bonnie & Clyde” gets Hollywood attention – Read more

The alleged cryptocurrency laundering scheme was a complex operation, and the couple is accused of attempting to move a vast sum of money through digital assets while concealing its origin.

The value of the stolen bitcoins significantly increased over time, with 119,754 bitcoins now worth nearly $3.6 billion.

Lichtenstein, a Russian emigre, has been in a Washington, D.C., jail since his arrest, while Morgan, a rapper known as “Razzlekhan,” is out on a $3 million bond.

If found guilty, the couple could face up to 25 years in prison, but the potential impact of a plea deal on their sentence remains uncertain.

Morgan has been on 24-hour house arrest in a Wall Street high-rise and sought remote work opportunities, specifically in B2B growth, marketing, sales, copywriting, and demand generation.

She has been granted permission to work from her employer’s New York office three days a week, with monitoring software installed on her computer and smartphone.

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

8 hours ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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Money

AI rattles finance stocks as markets react to disruption fears

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Published

9 hours ago

February 5, 2026

Harvey Vargas

AI sparks uncertainty in financial markets, causing sell-offs; leaders see potential, but investor nerves grow amid volatility.

Artificial intelligence is being seen as a growing threat to the financial services sector, with markets reacting fast. Several financial firms suffered sharp share price drops after Anthropic unveiled new AI tools, sparking fears of widespread disruption across data, analytics and market infrastructure.

The selloff quickly spread beyond financial services, hitting software and outsourcing companies as investors questioned the future of jobs and professional roles in an AI-driven economy. The volatility reflects deep uncertainty over how quickly AI could reshape entire industries.

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Money

AI funding surge: How Nvidia and Oracle are reshaping capital markets

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

Published

1 day ago

February 4, 2026

Harvey Vargas

AI infrastructure revolutionizes capital raising, with Nvidia, OpenAI, and Oracle leading; explore funding shifts and future impacts.

The AI infrastructure boom is transforming how companies raise capital, with Nvidia and OpenAI leading the charge. Explore the shifts in funding frameworks and what they mean for the future of AI investment.

Oracle is aiming to raise $45 to $50 billion, signalling confidence in the growing AI market. We break down how e

Equity issuance, bond deals, and circular financing are influencing long-term infrastructure development.

Despite rapid growth in AI usage, monetisation challenges remain beyond 2027.

Brad Gastwirth from Circular Technologies explains why financing won’t be a bottleneck and what traditional structures mean for the evolving AI landscape.

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