An arrest warrant has been issued for Kevin Segal, a self-proclaimed “Bitcoin billionaire,” who allegedly missed a court hearing after a friend posted his $50,000 bond.
Prosecutors have accused Segal of defrauding Wyoming businesses out of over $212,000. At just 30 years old, the California resident risks facing a maximum of 141 years in prison if convicted.
Reports indicate that Segal allegedly posed as a wealthy businessman seeking to purchase millions in real estate in the Jackson Hole area while racking up unpaid debts at luxury resorts and businesses.
Judge Bill Simpson has issued a nationwide bench warrant for Segal after he failed to appear for his court date and did not surrender his passport as mandated.
A close acquaintance who posted Segal’s bond claims he maxed out three credit cards to assist Segal, who had promised a substantial Bitcoin payout worth approximately half a million dollars in exchange for the bond. However, Segal vanished after his release from jail on February 14.
The bond poster expressed feelings of betrayal, stating, “You screwed me over, and now I really don’t believe anything you say anymore.” He is now contemplating bankruptcy due to the financial impact of the situation.
Investigative reports have revealed a concerning pattern of fraudulent behavior linked to Segal throughout Wyoming. He reportedly stayed at the upscale Amangani resort with his mother and a friend, leaving behind an unpaid bill of $2,725.76. Additionally, three cards used for over $22,000 in expenses at Spring Creek Ranch were flagged as fraudulent, and he failed to pay a $3,055.28 tab at the Mangy Moose Saloon.
Segal’s alleged scams also extend to individuals, as he reportedly hired someone to purchase a DJI drone in Colorado, promising reimbursement but later issuing a check for $3,281.46 that did not clear. In another incident, he sent a delivery person to drive a car back to Los Angeles, vowing to cover flight costs that were never arranged, leaving the individual stranded and forced to secure their own return ticket, while Segal later attempted to cover the costs with a false wire transfer screenshot.
This is not Segal’s first encounter with legal issues. Prior court documents reveal he previously faced a civil lawsuit claiming he falsely stated ownership of stocks exceeding $340 million and misrepresented a successful business to lease property in Los Angeles.
If captured, Segal will face a significantly increased bond set at $750,000, cash-only.
