Georgia man admits to threatening New Jersey company exec over stock: “this will be an absolute blood bath.”
A Georgia man is facing 5-years in prison for threatening an executive officer of a New Jersey-based company over email, even going so far as to use "Blood Bath" as the subject line of his email exchange.
U.S. Attorney Philip R. Sellinger announced Tuesday that Alan Wallace, 59, of Cumming, Georgia, pleaded guilty to an information charging him with one count of transmitting interstate threats.
It was not a one-time email exchange.
Wallace is a former employee of the company and between January 2021 and March of 2021, he allegedly sent threatening emails to an executive officer of the company, which Attorney Sellinger said is a publicly-traded company with headquarters in New Jersey, but he did not disclose the name.
As for the email exchanges, they came every few days beginning on January 11 and going on for two months, before things slowed down.
In an effort to slide his emails under the radar, Wallace used an account from an anonymous email service.
The heated, threatening messages went after the exec and their family -- if stocks didn't exceed a certain share within a month.
One specific email Attorney Sellinger shared, states, in part:
Subject line “Blood Bath”
"(Victim-1), it seems you don't care about your family. This will be an absolute blood bath if stock isn't over $200 in 2 weeks. Your hurt [sic] so many, and now it is your turn to experience it.”
For Wallace, the charge of transmitting interstate threats could send him to a maximum penalty of five years in prison, along with paying a $250,000 fine, when he is sentenced on June 23, 2022.
The government is represented by Assistant U.S. Attorney Anthony P. Torntore of the U.S. Attorney’s Cybercrime Unit in Newark.
Defense counsel: David Bouchard Esq. and Carl Lietz Esq., Atlanta, Georgia.