Sam Karagiozis is a well-known Entrepreneur from Australia who is best known for building a million-dollar empire by investing in cryptocurrency. He is also called Australian Bitcoin Founder.
However, He was charged with importing cocaine, MDMA, and ketamine and with selling those drugs and the drug ice. He was charged with trafficking about 30 kilograms of drugs, including cocaine, MDMA, and methamphetamine, following a lengthy federal police investigation involving officers from the AFP and FBI.
Quick Info
| Full Real Birth Name | Sam Karagiozis |
| Profession | Entrepreneur |
| Famous For | Australian Bitcoin Founder |
| Age | 30 years old |
| Date of Birth, Birthday | 1993 |
| Birthplace/Hometown | Melbourne, Australia |
| Nationality | Australian |
| Gender | Male |
| Sexuality | Straight |
| Zodiac Sign | Will Update |
| Ethnicity | Australian white |
| Highest Qualification | Left school at the age of 15 |
| School | Australian Community School |
| Net worth | $15 million |
| Social Media | Twitter: @Sam_Karagiozis (2K+ followers) |
Sam Karagiozis Hails from Melbourne
Sam Karagiozis is 30 years old and was born in 1993, in Melbourne, Australia. He was born to Greek Parents. He was a child when his family’s battle to make ends meet caused hardship and financial pressure on his household. So he left his education when he was 15 years old and started to work.
You may also like: “Crypto King” Aiden Pleterski father claims that his son was kidnapped
We believe he also has a brother as he extended his bail to attend his brother’s marriage. Despite that Nothing about his brother’s or his parent’s identity has been revealed yet.
He is a Prominent bitcoin trader
Sam Karagiozis, the founder of Auscoin cryptocurrency and a person who starts many businesses, drives a Lamborghini. Sam’s net worth is in a Million. His net worth was $15 Million at the time of his arrest. He believed that the price of Bitcoin would go up to $100,000 within a year when it reached $25,000 in 2017. However, he now has more important issues to worry about than the decrease in Bitcoin’s value, which is now below $4,000.
According to several websites, Sam started working at McDonald’s after leaving high school and later chose to work for a fast food chain. He learned about the food industry and gained experience while also becoming familiar with cryptocurrencies. Over time, he built a business empire worth $15 million and gained a reputation as a young and successful entrepreneur in Australia.
Unfortunately, on March 7, 2019, the 27-year-old from Bulleen was arrested by the Australian Federal Police. He was charged with trafficking around 30 kilograms of drugs, including cocaine, MDMA, and methamphetamine.
The Australian Federal Police claim that Sam Karagiozis played a significant role in leading an organized crime group. This group used dark web sites, bitcoin accounts, and legitimate businesses to obtain, pay for, and distribute drugs.
A task force made up of the Australian Federal Police and the financial intelligence agency AUSTRAC conducted raids on properties connected to Sam Karagiozis in Bulleen, Templestowe, and Malvern. They confiscated steroids, cash, and items related to cryptocurrency.
Sam Karagiozis had his bail condition changed for his brother’s wedding
Karagiozis had his bail conditions changed so that he could attend his brother’s wedding and take care of his Greek-themed food stores. He was charged almost two years ago but was granted bail in mid-2019. In court, his bail conditions were relaxed so he could be present at his brother’s bucks night and wedding this month and manage his food stores.
Karagiozis had followed all the bail conditions since his release, but he wanted the curfew requirement lifted so he could be the best man at his brother’s wedding and attend the bucks night two weeks earlier. Removing the curfew would also allow him to be at his souvlaki stores at night. The court heard that Karagiozis had around 10 stores but couldn’t visit any of them in the outer suburbs of Melbourne due to the nightly curfew.
Also Read: Here’s What We Know About Marina Sirtis Parents
Under his bail conditions, Karagiozis had provided a surety of $600,000 and had to report to the police twice a week. He was not allowed to leave the state of Victoria. Karagiozis and Mr. Emmanuel-O’Neil, a 34-year-old police officer from Victoria, will appear in a hearing in March to determine whether they will face trial.
During his further hearing, prosecutors and police stated that their case against Mr. Karagiozis had become stronger since he was initially charged in March 2019. This was due to the statements of witnesses who claimed that he was the leader of the drug syndicate. According to the police, the syndicate used the dark web and Bitcoin accounts to obtain, purchase, and distribute drugs as part of a large-scale importation operation worth millions of dollars.
