Man accused of stealing $11 million worth of XRP countersues American country music singer George Jones's widow

GateNews
XRP1,05%
ETH0,77%
DOGE1,84%

PA News January 14th - According to Decrypt, Kirk West, who is suspected of stealing over $11 million worth of XRP from the estate of the late American country singer George Jones’s widow Nancy Jones, has filed a countersuit. West claims that he accumulated wealth through investments in cryptocurrencies and other assets during their relationship, and therefore has the right to a share of the assets. Last year, West was arrested for allegedly stealing $400,000 in cash and over 5.5 million XRP (worth $11.6 million at the time) from Nancy Jones. Court documents reveal that the two met and fell in love after George Jones’s death in 2013. West, who describes himself as a “cryptocurrency expert,” persuaded Nancy to invest in various cryptocurrencies including XRP, Ethereum, and Dogecoin. Last year, Nancy, suspecting West of infidelity, evicted him from her residence, and subsequently discovered that her Ledger hardware wallet storing her crypto assets was missing from her safe. Although lawyers helped recover over 5 million XRP, 483,000 XRP (currently worth over $1 million) remain unaccounted for. In his countersuit, West denies the theft allegations and claims that he created wealth for both parties through “multiple wise investments.” He requests to be awarded half of the cryptocurrencies, cash, and gold and silver assets held by both parties when he left Nancy’s residence last year. According to Rolling Stone, the related assets also include gold and silver valued at $5 million and $1 million in cash. Currently, Williamson County court records show that there has been no update on the case since it was filed with a private subpoena last October until West filed the countersuit this Friday.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

XRP Quantum Risk Exposure Seen as Limited, With 0.03% of Supply Affected

A recent report indicates that only 0.03% of XRP's total supply is at risk from quantum computing, as most wallets are active and can manage security updates. The threat remains largely strategic rather than urgent, with a focus on proactive mitigations.

CryptoNewsFlash4h ago

Yesterday, US spot XRP ETF saw net outflows of $661.2k, with the 21Shares product experiencing single-day outflows

As of April 10, the U.S. XRP spot ETF saw a total net outflow of $661.2k on April 9, mainly caused by the 21Shares XRP ETF. The product’s historical total net inflow is -$25.8450 million. Its current total net asset value is $955 million, and its historical cumulative net inflow totals $661.2k.

GateNews4h ago

Evernorth Amended SEC Filing Deepens XRP Role in Crypto Market Structure

Evernorth advances its SPAC merger with an amended SEC filing detailing XRP-based financing, refining how token contributions translate into equity within its planned public market debut. Key Takeaways: Evernorth advances SEC filing with XRP-based equity tied to 126,791,458 tokens from Ripple. R

Coinpedia7h ago

XRP Whales Accumulate as Ripple Executives Head to Key XRPL Event in Japan

XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.

CryptoNewsFlash8h ago

XRP Lawyer Warns CLARITY Act Could Lose Momentum if Summer Delays Persist

The CLARITY Act's chances of passing depend on timely legislative action, as summer distractions and midterm politics could hinder progress. Delays may complicate its path, especially if political dynamics shift post-election.

CryptoNewsFlash9h ago
Comment
0/400
No comments