Bitclub Newsletter No. 101

by | Jun 14, 2024 | Bitclub | 0 comments

Dear Clients,

Case Summary:

Defendants Goettsche, Balaci, and Weeks have been charged with conspiracy to engage in wire fraud through BitClub Network, which solicited investments in fake cryptocurrency mining pools from April 2014 to December 2019. They misled investors with false earnings figures, obtaining at least $722 million. They also sold unregistered securities.

Sentencing dates:

  • Joby Weeks: September 19, 2024
  • Joe Abel: September 18, 2024
  • Silviu Balaci: September 24, 2024

Delays are due to evidence processing in Matthew Goettsche’s case. This major case involves extensive evidence, and both prosecutors and defense attorneys are diligently working. The discovery and freezing of defendants’ assets are significant successes, providing some reassurance to victims.

No new updates this past week; further announcements are expected soon.

Zoran Miljakovic
Attorney at Law