Bitclub Cryptocurrency Ponzi Scheme Busted 5 People Charged
On December 10th, five men were charged with conspiracy to sell unregistered cryptocurrency securities through their company, BitClub Network. The business promised to exchange shares of cryptocurrency mining pools for cryptocurrencies like Bitcoin for their cash. The accused, Jobadiah Sinclair Weeks, Silviu Balaci, Matthew Brent Goettsche and two others whose names have yet to be released, operated BitClub Network between April 2014 to December 2019. They provided their client’s misleading figures related to cryptocurrencies that they called “bitcoin mining earnings....