- December 22, 2021
- Posted by: Stratford Team
- Category: Business
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Getty
- An employee stole $154 million from Sony Life Insurance Company in Tokyo in May.
- The employee then converted the funds to bitcoin, now worth more than $180 million.
- Law enforcement has since seized the bitcoin and is working to return funds to Sony.
The US Justice Department is trying to return more than $150 million that was embezzled from a Sony subsidiary and converted into bitcoin.
In May, a worker at Sony Life Insurance Company in Tokyo allegedly diverted $154 million to a personal account at a Southern California bank when the company was instead trying to transfer the funds between financial accounts, according to a Monday press release from the US Justice Department.
The worker, identified as Rei Ishii, then converted the money to bitcoin, the release said.
Law enforcement from the US and Japan eventually found the “private key,” or password, to the bitcoin address that held the 3,879 bitcoin tokens — now worth…
