Bitclub Newsletter No. 138

Dear Clients,

There are still no official updates regarding the BitClub Network trials. According to previous information, sentencing hearings were scheduled for March 2025, but they have been repeatedly delayed.

Another interesting piece of news relevant to Bitclub case is the indictment of Christopher James Scanlon. U.S. federal prosecutors have recently indicted Christopher James Scanlon, a key figure accused of facilitating money laundering operations connected to the $722 million BitClub Network cryptocurrency fraud. Scanlon was charged after plea negotiations failed, highlighting the government’s intent to pursue his prosecution aggressively.

Scanlon allegedly operated an unlicensed money transmitting business through his entities, PMA Media Group and Nvayo Limited. According to the indictment, these companies processed millions of dollars in illicit proceeds from online investment scams, including BitClub Network, while intentionally circumventing anti-money laundering (AML) regulations. Prosecutors claim Scanlon’s operations provided a financial infrastructure that enabled the concealment and international movement of fraudulently obtained funds.

We will continue to monitor the situation and provide you with reliable updates as soon as new information becomes available.

Kind regards,

Attorney Zoran Miljaković