Ethics Alarms Awards a “Nelson” to the Guy Who Inadvertently Threw Away $527 Million

I guess this seems a bit harsh, but then, I never let my late wife forget that she threw out our Paul McCartney concert tickets, and that was only $500 down the metaphorical drain.

$527 million! And it’s really worse than that, believe it or not.

James Howells, 39, accidentally threw out a hard drive containing his bitcoin stash in 2013. It was worth around $1 million then but now has an estimated worth of about $527 million.

Since that epic “Oopsie!” Howells has requested, demanded and implored the Newport, Great Britain, Council, which oversees the landfill where his hard drive ended up, to retrieve it for him. The body has refused; after all, the necessary excavation will take between 18 and 36 months followed by a year of area restorative work, and the council says that all of this would be environmentally irresponsible. Now Howells is suing the council for $646 million in damages because it won’t remedy his mistake. Hoping that the lawsuit will leverage the council into being “reasonable,” Howells has assembled a team to carry out the $13 million excavation. On the team is the council’s former head of landfill, who claims to know the exact area where the hard drive is. He’s also dangling the prospect of a 10% commission to the Council when the hard drive is found.

The Ethics Verdict here: Howells’ dumb mistake is not the Council’s responsibility. Their duty is to the community, not him. The appropriate and ethical response to Howell’s threats is “Bite me!” He and the former landfill head can get shovels and dig for the thing themselves. Who knows? They might get lucky.

5 thoughts on “Ethics Alarms Awards a “Nelson” to the Guy Who Inadvertently Threw Away $527 Million

  1. “He and the former landfill head can get shovels and dig for the thing themselves.”

    They would do if they were allowed to. The council should negotiate a fee which returns a reasonable, or maybe an unreasonable, profit to their taxpayers, in return for permission to dig.

  2. Jeeze, why didn’t I buy some Bitcoin? Here I was thinking it made no sense to invest in something I don’t understand. Silly me. A big Homer Simpson “Du-oh!” is in order.

  3. If it’s a traditional “platter and spindle” drive, there’s no guarantee that hard drive is in any way recoverable after sitting for a decade…in a landfill…in Wales. If it had been dumped at Davis-Monthan AFB in the Arizona desert?…maybe. Of course, if it was carefully sealed in an air-tight bag that keeps moisture out, there’s a little, little chance he’ll get it back, but if he had prepped it like that, he probably would have known not to throw it out in the first place.

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