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John Demarr, a bitcoin defendant, will hand over $3,513,305.14 as part of his plea agreement with the DOJ.

The forfeiture agreement with DeMarr is described in a written motion that was submitted on December 21st, 2021.

An appended proposed order to the motion describes the $3.5 million as coming from DeMarr’s criminal activity and is included with the motion.

The order specifies that the forfeiture money judgment must be paid in full by July 30, 2021, which I take to be a mistake for 2022.

Also noteworthy is the forfeiture amount.

is not to be regarded as paying any fines, penalties, reparation losses, or taxes that may be owed, and it will remain in effect even after bankruptcy.

This indicates that DeMarr might face further monetary fines at sentencing.

Currently, DeMarr’s sentencing is set for April 8, 2022.

Update: On January 11, DeMarr’s sentence was postponed to April 5. This page was last updated on February 6, 2022.

7th April 2022 update The sentencing hearing for DeMarr was convened on April 5 but no punishment was given.

The DOJ’s Pre-sentence Report appears to have raised objections from DeMarr. And whatever the issue was, it couldn’t be settled on April 5.

DeMarr has been instructed to submit his PSR objection by April 11 as a result. The Department of Justice will then respond by April 13th.

Stay tuned while DeMarr’s objection(s) are being resolved.

Updated on May 20, 2022 – On May 25, DeMarr will face a fresh sentencing hearing.

Updated on May 26, 2022 – Judge Hall issued the following ruling on May 24th:

The sentencing hearing, which was supposed to take place on May 25, 2022, has been POSTPONED to November 14, 2022.

The decision to adjourn was not explained. I suspect it may be connected to the disappearance of Kristijan Krstic.

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