Dear Clients,
Let us recall the criminal charges brought against the defendants in this case:
United States vs. Matthew Brent Goettsche et.al., 19-CR-877-CCC
Defendants:
- Matthew Brent Goettsche
- Russ Albert Medlin
- Jobadiah Sinclair Weeks
- Joseph Frank Abel
- Silviu Catalin Balaci
Case Summary:
Defendants Goettsche, Balaci, and Weeks have been charged with conspiracy to engage in wire fraud in connection with their roles in BitClub Network. From April 2014 through December 2019, BitClub Network was a fraudulent scheme that solicited money from investors in exchange for shares of purported cryptocurrency mining pools and rewarded investors for recruiting new investors into the scheme. Goettsche, Balaci, Weeks, and others conspired together to solicit investment in BitClub Network through fraudulent means, including by providing false and misleading figures that BitClub investors were told were “bitcoin mining earnings” purportedly generated by BitClub Network’s bitcoin mining pool. Goettsche, Balaci, Weeks, and others obtained the equivalent of at least $722 million from BitClub Network investors.
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Zoran Miljakovic
Attorney at Law