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Note published on December 14, 2025 at 8:36 PM UTC

2025-12-14T20:36:52+00:00

Q: How much do you need to spend on mattresses for it to get mentioned in a DOJ press release about your $11 million crypto theft?

A: $638,000, which I did not realize was a plausible mattress budget

Even after losing most of the $11 million, RINSCH still did not spend the remaining funds he had stolen on White Horse. Instead, he used the money to speculate on cryptocurrency, and on personal expenses and luxury items, including at least $1.7 million on credit card bills; at least $3.3 million on furniture, antiques, and mattresses; at least $387,000 on a Swiss watch; and at least $2.4 million on five Rolls Royces and a red Ferrari.

furniture and antiques, including approximately $638,000 to purchase two mattresses and approximately $295,000 on luxury bedding and linens; (v) approximately $2,417,000 to purchase