Crime & Safety
Georgia Man Admits Threatening Executive Officer Of NJ Company
"This will be an absolute blood bath if stock isn't over $200 in 2 weeks," wrote the man, a former employee of the New Jersey company.
NEWARK, NJ — A 59-year-old Georgia man has admitted making threats to the executive officer of a New Jersey company he used to work for, officials say.
Alan Wallace of Cumming, GA pleaded guilty to one count of transmitting interstate threats, according to a news release from the U.S. Attorney's Office for the District of New Jersey.
Wallace "send threatening email communications" to the victim between January and March 2021, threatening violence against their family unless stock prices hit a certain value.
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An email on Feb. 5, 2021, with the subject line “Blood Bath,” said: “[Victim], 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.”
Wallace worked for the company from 1999 until he was terminated in 2017, according to a news release.
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He faces a maximum penalty of five years in prison and a $250,00 fine and will be sentenced June 23, 2022.
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