In May 2020, a lawsuit was filed against an 18 year old Irvington High School senior, Ellis Pinsky, who was accused with co-conspirators from the US and Europe of swindling digital currency investor Michael Terpin – the founder and chief executive officer of Transform Group – of $23.8 million in 2018, when the accused was 15 years old, through the use of data stolen from smartphones by "SIM swaps". The complaint alleges that Pinsky had a personal worth of $70 million i December 2017. The lawsuit was filed in federal court in White Plains, New York and asked for triple damages. An investigation by the "New York Post" revealed that Pinsky lived a lavish lifestyle, driving an Audi R8, maintaining an account with a private air service, purchasing prime tickets to New York Rangers hockey games, and wearing expensive clothing. Pinsky had previously been recognized by the College Board as being an "AP Scholar".