‘Bitcoin Billionaire’ Who Dine and Dashed at Five-Star Resorts, Begs Judge To Lower $50K Bail

A California man accused of posing as a ‘Bitcoin billionaire’ to scam nearly £170,732 ($212,000) from luxury resorts and small businesses in Wyoming has made a bold plea for leniency.

Kevin Michael Segal, 30, requested that Teton County Judge Melissa Owens reduce his bail. According to the California State Daily, he claimed he needed to be released from jail to protect his family and belongings from the Los Angeles wildfires.

Segal’s Bail Reduction Request

However, Teton County Deputy Attorney Andrew Hardenbrook disagreed. He pointed out that if Segal truly had £1.61 ($2) billion in assets, as he claimed, a £40,267.00 ($50,000) bail shouldn’t be a problem.

Hardenbrook also emphasised that Segal has no connection to Teton County, Wyoming. Furthermore, he faces over a dozen felony charges and three misdemeanours, all of which Segal denies.

Prosecutors allege that Segal defrauded at least nine businesses and individuals during his time in Wyoming last year. They say he posed as a rich businessman looking to buy millions of dollars worth of local property.

How Segal Targeted Businesses

‘I believe that Mr Segal just posed to be a Bitcoin billionaire and said this to everybody just to live the high life. He just played the game,’ Detective Adam Rainey testified at a preliminary hearing earlier this month, according to Jackson Hole News & Guide.

The Teton County Sheriff’s Office began investigating Segal in March 2024 after the Rocky Mountain Yeti car dealership in Jackson reported that he had promised to wire £128392.94 ($159,427) for a new 2024 Dodge Ram 3500 pickup truck, but the payment never arrived.

A dealership employee stated that they contacted Segal about the missing payment. Segal then gave them a check, but it bounced. After receiving the report, Sheriff’s Sergeant Jesse Willcox searched for Segal.

The Trail Of Deception

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