Bitclub Newsletter No. 102
Dear Clients,
Granpacifictrade Case Summary:
Grandpacifictrade is a scam, a fake stock trading platform. It is an organized fraud carried out through a call center. The companies Olympus Prime and Asgard, based in Belgrade, gave it the appearance of legitimacy. The suspects have been arrested, and criminal proceedings are underway in Belgrade.
In this case, we represent the victims who responded to an online advertisement promoting the cryptocurrency trading platform Grand Pacific Trade. The platform’s website was www.grandpacifictrade.com, but access to it is no longer possible.
As the website seemed reliable to the victim, they decided to make an initial deposit using a credit card. After that, the victim created an account on the mentioned platform. Shortly after the deposit, the victim was contacted by an individual claiming to be a senior manager at Grand Pacific Trade.
This information might be useful to our clients.
BitClub Case Summary:
Defendants Goettsche, Balaci, and Weeks have been charged with fraud through BitClub Network, soliciting investments in fake cryptocurrency mining pools from April 2014 to December 2019, 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. The discovery and freezing of defendants’ assets provide reassurance to victims.
No new updates; further announcements are expected soon.
Zoran Miljakovic
Attorney at Law