Leader of International Crime Ring that Kidnapped and Robbed Cryptocurrency Owners Convicted

News | July 10, 2024 By:

On Tuesday, June 25, 2024, a federal jury in Greensboro, North Carolina, convicted Remy St Felix of leading a criminal conspiracy to commit violent home invasions targeting cryptocurrency owners across multiple states.

The 24-year-old man from West Palm Beach, Florida was found guilty of nine felony charges related to his involvement in an international scheme between September 2022 and July 2023. St Felix helped plan and orchestrate a series of armed robberies and kidnappings in North Carolina, Florida, Texas, and New York where victims were assaulted in their own homes at gunpoint and forced to drain cryptocurrency accounts.

Evidence presented at the trial revealed St Felix played a key role in the criminal organization. In one incident in April 2023, St Felix and another person tied up a victim with zip ties and held them at gunpoint while transferring over $150,000 of cryptocurrency from their account. Surveillance of targets and hacking into email accounts were also used to gain information ahead of the attacks.

The digital currencies stolen were subsequently laundered using privacy-focused cryptocurrencies like Monero as well as unregulated crypto exchanges without client verification. Encrypted apps facilitated communication among the wide network of co-conspirators in the US and abroad.

If sentenced to the maximum penalties, St Felix faces up to life in prison. He is due back in court on September 11 for sentencing and will receive at least seven years due to mandatory minimums for some of the charges, which include conspiracy, kidnapping, armed robbery, wire fraud, and use of a firearm during crimes of violence.

Over a dozen other individuals connected to the crimes have already pled guilty of their roles. St Felix was arrested by the FBI in July 2023 while allegedly preparing to carry out another home robbery in New York. The investigation was led by the FBI Charlotte Field Office with help from local police in Durham as well as multiple FBI departments across the country.

Prosecutors said the case demonstrates the government’s commitment to pursuing sophisticated criminal cyber activity and protecting citizens, regardless of evolving technologies. They hope it provides justice and relief to the victims who suffered tremendously due to the group’s cruel and greedy actions.