News
Milford Haven: Newspaper editor in search for £1.4m hard drive
IN 2009 a Pembrokeshire businessman spent £50 buying 175 Bitcoins. It was to fund a transaction that in the end he did not go on to complete – and the Bitcoin was left unspent.
But now, eight years on, Thomas Sinclair, now the editor of The Pembrokeshire Herald, is on the hunt for a computer hard drive which is now worth over £1.4million.
The value of the internet crypto-currency has skyrocketed in recent years with Bitcoins, which were valued at just a few pence when the currency was launched in January 2009 skyrocketing to £8190 each today – over eight times the value of an ounce of gold.
Thomas Sinclair said: “The computer I used to buy the Bitcoin years ago developed a fault with the graphics card and I stopped using it.
“I suspect the parts were cannibalised to keep other computers going at our offices. I never throw anything away so the hard drive is bound to be somewhere – we are currently conducting a hunt to find it – without it I will not be able to use the Bitcoin.”
He added: “To be honest, I had completely forgotten about the Bitcoins – it was only recently when going through my bank statements I saw the purchase back in 2009 and remembered that I had not spent the £50.
“After asking colleagues in the office to check the value of the 175 coins I purchased I nearly fell off my chair when the answer of £1.4m was given to me – it is simply unbelievable!”
Glenn Alcock, Head of IT at The Pembrokeshire Herald, said: “This is certainly an interesting scenario, but as hard drives have a long lifespan, I’m confident we will be able to retrieve the data successfully.
“As the business has grown, we have accumulated a lot of PCs, so it will take quite a few hours to search through everything.
“Previous employees have not been very organised with storing hardware, so the biggest challenge for me right now is finding every hard drive in the building.
“We are looking for a 6.4GB hard drive manufactured in 1998.”
Jokingly he added: “When I successfully find the hard drive, and retrieve the data, I expect Mr Sinclair will be very generous with his reward.”
Using Bitcoin allows people to bypass banks and traditional payment processes to pay for goods and services directly.
Banks and other financial institutions have been concerned about Bitcoin’s associations with money laundering and online crime because transactions take place anonymously.
The soaring value of Bitcoin and other cryptocurrencies comes despite growing warnings over a price bubble.
The starkest warning came from the JP Morgan chief executive, Jamie Dimon, who said Bitcoin was a fraud that would ultimately blow up.
Speaking in September to media in the USA, he said there was a limited market for the digital currency, arguing that it was only fit for use by drug dealers, murderers and people living in countries such as North Korea.
He pledged to sack any JP Morgan trader investing in Bitcoin, but also admitted he had not been able to dissuade his daughter from investing.
Jordan Hiscott, the chief trader at Ayondo Markets, said: “The returns are truly remarkable, especially given the recent ban on Bitcoin trading in China, where demand had previously accounted for at least 10% of all global volumes.”
Of the more than 16.7 million Bitcoins in circulation, nearly 4 million could be lost forever, according to new research from digital forensics firm Chainalysis, based on a detailed empirical analysis of the blockchain — the ‘digital ledger’ which records all Bitcoin transactions, and which gives the currency its value.
That amounts to a staggering $30bn.
On analyst has explained why the amount of lost Bitcoins is so high: “When Bitcoins are produced, they have a private key associated with them. It works using key-pair cryptography — you have a public address and a private key that go together. The public address is what you use to send Bitcoins, the private key is what you need to spend them.
“If you lose the private key, because of the mathematics involved and the strength of the cryptographic system, which is what makes it so safe, it’s impossible to ever get it back. What’s commonly happened is people have just deleted the file off their computer — the text document that holds the private key.”
Crime
Cowboy builders jailed after years of bullying and fraud against homeowners
A FATHER and son who preyed on homeowners across south and west Wales — many of them elderly or in poor health — have been jailed after a court heard how they used intimidation and deception to extract huge sums of money for unnecessary and badly executed building work.
Jim Janes and his son, Thomas James, ran a long-running roofing scam that left dozens of victims facing financial hardship, unfinished homes and costly repair bills.
Swansea Crown Court heard the pair routinely targeted householders with minor repair needs before escalating jobs into major works, demanding ever-increasing payments once roofs had been stripped or damaged.
When questioned or challenged, the defendants became aggressive, leaving victims feeling frightened and pressured into paying. In one case, a homeowner was threatened unless money was handed over.
Passing sentence, Judge Catherine Richards said the defendants showed a “cruel disregard” for the impact of their actions and deliberately manipulated vulnerable people for financial gain.
She told the court the offending was driven by greed and a willingness to exploit those least able to protect themselves.
The court heard the fraud continued for more than five years, during which the defendants traded under multiple business names, changed contact details, and used different bank accounts in an effort to avoid detection.
Lee Reynolds, prosecuting, said the pair often dismantled roofs without consent and left properties exposed to the weather, effectively forcing customers to comply with their demands or face further damage to their homes.
Many victims were in their sixties, seventies and eighties, with some paying tens of thousands of pounds. One homeowner lost £100,000.
Independent experts later found that much of the additional work charged for was unnecessary and that the workmanship carried out was of poor quality. In some cases, jobs were left incomplete, requiring extensive remedial work.
Victims told the court how they had been left anxious, ashamed and financially stretched, with some forced to borrow money or remortgage their homes to cover the costs.
Jim Janes, 55, and Thomas Michael Jim James, 37, both of Llangadog, Carmarthenshire, had previously pleaded guilty to fraudulent trading.
In mitigation, the court heard Janes had worked in the building trade for much of his life, while James was said to have played a lesser role in the operation. However, the judge rejected claims that either man bore reduced responsibility.
Sentencing both men to eight years in prison, Judge Richards said they had acted ruthlessly and without any regard for the harm caused to their victims.
Both defendants will serve 40 per cent of their sentences in custody before being released on licence.
A further hearing will be held on Thursday (May 22) next year to consider confiscation proceedings and the imposition of serious crime prevention orders.
Crime
Cocaine dealers jailed after flooding Aberystwyth streets with drugs
TWO men who supplied cocaine in Aberystwyth have been jailed after police seized large amounts of cash, drugs and weapons during coordinated raids.
Luke Hutton, aged 25, and Lee Mark Walsh, 37, were sentenced at Swansea Crown Court after admitting possession of cocaine with intent to supply and possessing criminal property.
The court heard that police attended Walsh’s flat in Aberystwyth on Thursday (Nov 14) to execute a search warrant. Officers saw several people outside the address, including both defendants. When police approached, Walsh remained at the property while Hutton attempted to flee but was quickly detained.
Walsh, of Yr Hafan, Aberystwyth, was found with cannabis, £160 in cash and a mobile phone. Hutton, of Corporation Street, Aberystwyth, was carrying £8,795 in cash and a phone.
During a strip search in custody, officers recovered a wrap of white powder concealed on Hutton. Further searches uncovered £850 in cash laid out on Walsh’s bed, five mobile phones, a silver knuckleduster and a large kitchen knife hidden beneath the bed.
Police also recovered scales with white powder residue, a bank card contaminated with drug traces, and a further bag of white powder elsewhere in the flat. At Hutton’s address, officers found £1,060 in cash, bicarbonate of soda and empty snap-seal bags, consistent with drug preparation.
Prosecutor Dean Pulling told the court both men were clearly involved in drug supply for financial gain.
Walsh also admitted possession of an offensive weapon and possession of cannabis. He has previous convictions for cannabis offences and failing to comply with a drugs test.
Hutton has a longer record, including offences involving communications, driving matters, domestic abuse and breaching a restraining order.
Mitigating for Walsh, Ryan Bowen said the defendant had experienced a troubled childhood, moving schools frequently, and had struggled with cannabis use from a young age. He said Walsh had shown a strong work ethic and hoped to pursue barbering on release.
Jon Tarrant, representing Hutton, said his client had been heavily addicted to cocaine and that drug use had dominated his life, contributing to the breakdown of relationships, including contact with his two young children.
Sentencing, Judge Vanessa Francis said both men had been involved in dealing with the expectation of making “significant financial gain”.
Addressing Hutton, she said: “You told the author of the pre-sentence report that when your benefits stopped, you ‘did what you had to do’. This court will do what it has to do to take off the streets those who spread the misery of drug supply.”
After reductions for guilty pleas, Hutton was jailed for three years and Walsh for 32 months. Both will serve up to half of their sentences in custody before being released on licence.
Community
Crowds line streets as tractor run hailed a festive success
CROWDS lined streets and pavements across Pembrokeshire on Saturday evening (Dec 20) as Clarbeston Road AFC’s illuminated Christmas tractor run was hailed a resounding success.
More than 200 tractors took part in the event, travelling through villages and towns including Newmoat, Maenclochog, Llys-y-frân, Walton East, Clarbeston Road, Wiston, Newbridge, Poyston Cross, Crundale and Haverfordwest, where large crowds gathered to watch the festive convoy pass through.
Families, children and residents wrapped up against the cold to enjoy the sight of tractors decorated with Christmas lights and festive displays, with applause and waves greeting drivers as they made their way through built-up areas and rural roads alike.
The convoy set off from the Clarbeston Road AFC Knock Playing Fields at 5:30pm and concluded at the County Showground in Haverfordwest later in the evening. At the end of the run, refreshments were available and the raffle draw took place at the Park House building, which was open to the public.
Organisers said the turnout from both drivers and spectators exceeded expectations, with the event once again bringing communities together while raising funds for local causes, including The Catrin Vaughan Foundation, In It With Isaac, and Wales Air Ambulance.
Clarbeston Road AFC thanked tractor drivers, volunteers, sponsors and members of the public for their support, as well as residents and road users for their patience while the convoy passed through.
The illuminated tractor run has become a firm fixture in the local festive calendar, with Friday night’s event described by many spectators as one of the best yet.

-
Crime3 days agoMilford Haven man jailed after drunken attack on partner and police officers
-
News6 days agoDyfed-Powys Police launch major investigation after triple fatal crash
-
Crime3 days agoTeenager charged following rape allegation at Saundersfoot nightclub
-
Crime4 days agoMan charged with months of coercive control and assaults
-
Crime5 days agoMan sent to Crown Court over historic indecent assault allegations
-
Crime5 days agoMilford Haven man admits multiple offences after A477 incident
-
Crime4 days agoWoman ‘terrified in own home’ after ex breaches court order
-
Crime6 days agoTrefin dog case ends in forfeiture order after protection notice breach








