USA v. GOETTSCHE et al

  1. September 03, 2020

    BitClub Promoter Admits Guilt In $722M Crypto Ponzi Scheme

    New Jersey U.S. Attorney Craig Carpenito announced on Thursday the guilty plea of a California man who admitted involvement in a conspiracy to offer and sell unregistered securities and falsifying a tax return related to work with the BitClub Network — which prosecutors have likened to a high-tech Ponzi scheme.

  2. March 30, 2020

    Crypto Fraud Suspects Can't Get Out Of Jail Over COVID-19

    A New Jersey federal judge on Monday refused to let two men accused of taking part in a $722 million cryptocurrency scheme leave a county jail over fears of a COVID-19 outbreak there, saying those concerns were purely speculative and that the men could flee the country if released.

  3. March 25, 2020

    Feds Say Don't Release Crypto Fraud Suspects Due To Virus

    New Jersey's top federal prosecutor shot back at bids by two men to be sprung from a New Jersey county jail amid fears of COVID-19 spread, arguing Tuesday the global pandemic panic doesn't minimize flight risk for the two alleged participants in a $722 million cryptocurrency scheme.

  4. March 23, 2020

    Crypto Fraud Suspects Seek Release Over COVID-19 Fears

    Two men accused of taking part in a cryptocurrency-related Ponzi scheme and bilking investors out of $722 million have asked a New Jersey federal court to release them from a county jail amid fears of catching the novel coronavirus, suggesting a COVID-19 outbreak at the facility is inevitable.

  5. December 10, 2019

    3 Men Accused Of Running $722M Crypto Ponzi Scheme

    New Jersey federal prosecutors on Tuesday charged three operators of purported cryptocurrency mining pool company BitClub Network with running "a modern, high-tech Ponzi scheme" that defrauded investors out of $722 million.

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