Michael Terpin Granted $24 Million Writ of Attachment, Files $81 Million Conversion and Racketeering Case against Nicholas Truglia and “OG Users” for AT&T SIM Swap

MIAMI, FL (NORTH AMERICAN BITCOIN CONFERENCE)Jan 17 2019Blockchain Wire
Michael Terpin Granted $24 Million Writ of Attachment, Files $81 Million Conversion and Racketeering Case against Nicholas Truglia and “OG Users” for AT&T SIM Swap

Blockchain investor and advisor Michael Terpin has been granted a writ of attachment for the record $24 million of cryptocurrency stolen in an audacious SIM swap on a   AT&T phone account and subsequent computer hacking by a criminal gang of confederates who stole that amount of cryptocurrency in January 2018.  


While his $224 million lawsuit against AT&T on this matter still moves through the Federal court system (next hearing on January 29), Terpin has filed a separate $81 million RICO Act (racketeering) and conversion action against Nicholas Truglia, 21, the person who is now accused of orchestrating the SIM swap and directing the organized criminal effort to hack files and launder cryptocurrency through Binance and other exchanges.


Truglia is now imprisoned on multiple criminal charges of cryptocurrency grand larceny and identity theft involving SIM swapping against at least seven other victims after his arrest on November 20, 2018 by the REACT Task Force.  Terpin’s civil charges were filed on December 28 after evidence was revealed at Truglia’s bail hearing that he had texted his father and multiple friends to brag about the $24 million hack on the day of Terpin’s theft, offering to take friends to the Super Bowl with “porn star escorts” and other blatant admissions of guilt. 


Subsequently, Terpin obtained recorded audiotapes, photographs, texts, captured social media images and a sworn declaration by a neighbor where Truglia confessed to the hack and likened himself to a modern-day Robin Hood who steals from the rich – but does not give anything to the poor. The evidence was so compelling that Terpin was granted a writ of attachment order for $24 million on December 31, 2018 and a further order on January 4, 2019 that the writ of attachment be issued forthwith, freezing up to $24 million at all institutions associated with Truglia globally, including suspected accounts at Gemini, Coinbase, JP Morgan, TD Waterhouse, and elsewhere.


Truglia did not act alone.  The suit provides for the naming of up to 25 additional defendants, as Terpin alleges upon evidence and belief that many other people were involved in this fast-moving crime, including at least one employee or contractor at AT&T, who according to Trulia’s taped admissions, was bribed to give Truglia the “unchangeable” AT&T passcode for Terpin’s SIM, plus at least five people who laundered the stolen funds with doctored or stolen passports.


Terpin v. Truglia was filed in Superior Court of California, Los Angeles, on December 28, 2018.   Terpin is represented by Greenberg Glusker, who also represents him in the Terpin v AT&T lawsuit. Full court records are available at: http://bit.ly/TrugliaRICO.

 “The RICO Act, allowing for three times the amount of damages and to prohibit the use of proceeds of criminal activity in defense, came into existence in 1970 to break up organized criminal organizations, such as the Mafia,” said Pierce O’Donnell, senior partner at Greenberg Glusker. “This new type of organized crime, costing hundreds of millions of dollars a year from innocent victims, is precisely why the RICO Act was established and we plan to vigorously enforce it.”


For more information or to interview Michael Terpin or his attorneys, please contact [email protected].

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