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Judge Denies Bail for Ex-LAPD Officer and Co-Defendant in Alleged $350,000 Crypto Raid

Prosecutors describe a staged LAPD-style intrusion that coerced access to a hardware wallet holding $350,000.

Overview

  • Los Angeles County Judge Victoria Wilson ordered Eric Halem and Gabby Ben held without bail after a hearing centered on risks tied to alleged police impersonation.
  • Both defendants pleaded not guilty to charges linked to a December 2024 operation that prosecutors say targeted a 17-year-old running a crypto business.
  • Prosecutors said the group claimed to be LAPD, restrained the teen and his girlfriend with handcuffs, and threatened to shoot or waterboard the teen to force compliance.
  • The intruders secured a safe code for a thumb-drive hardware wallet with $350,000, left after roughly 25 minutes, and ignored cash and watches, according to court accounts and surveillance.
  • Authorities detailed Ben’s prior fraud convictions and Halem’s 13-year LAPD tenure, said a sixth suspect is still being sought, and noted the judge ordered jail protections for Halem.