Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered
Summary
Two California school officials, Jeffrey Menge and Eric Drabert, admitted guilt in stealing up to $1.8 million and misappropriating electricity to run a secret crypto-mining operation. Menge hired Drabert as the IT director and used a company he controlled as a front for the scheme. They executed fraudulent transactions worth over $1.2 million and operated a crypto mining farm using school property and electricity. Menge misappropriated $1-1.5 million, while Drabert stole $250-300,000, using the gains for personal expenses.
