Dear Clients,
While we await news regarding this case we continue to publish parts of the indictment. It illustrates how irresponsible individuals abuse people’s trust and carefully devise fraudulent projects. This results in even highly educated individuals in the field of Crypto becoming victims of cunning fraudsters.
Part of the indictment below:
d. In or around October 2015, ABEL sent MEDLIN an article titled “OneCoin Abandons US Operations,” which stated, among other things: So what’s the real reason OneCoin are abandoning the US? Well, the mention of the SEC is a pretty solid giveaway. OneCoin offer unregistered securities globally, with newly invested funds used to pay off existing investors.
e. In or around November 2015, WEEKS prepared a video that was uploaded to the Internet, in which WEEKS promoted the sale of shares in BCN, explaining that “right now we’re finding about ten thousand dollars a day in bitcoin,” and that “whatever the mine finds each day is evenly disbursed in a daily dividend to our shareholders.”
f. In or around March 2016, ABEL prepared a webinar video about BCN, which was posted onto the Internet. This webinar promoted investment in BCN and represented. among other things:
We’ve looked at all the people who joined about five hundred days ago and most of us are making almost two and a half times more than we did when [we] started. . . . When we mine, you get paid. All the time we make money, you get paid and all of our system is third party validated. It is, literally, like being in the public market.
g. In or around April 2016, GOETTSCHE and MEDLIN discussed the fact that U.S.-based individuals had invested in BCN.
h. In or around May 2016, ABEL told WEEKS that ABEL was traveling to California to promote investment in BCN.
1. In or around November 2016, MEDLIN posted a video promoting investment in BCN. MEDLIN represented, among other things: And, the beautiful thing about this is that, if no more new people join BitClub Network, it’s okay because we’ve already bought the equipment, we’re already mining bitcoin. If we don’t get any more that join, we’re still gonna be mining bitcoin, everybody is gonna keep getting paid over, and over, and over, and over, and over again. It is not going to stop. Everything is bitcoin that we’re doing here, it’s transparent. We can’t hide this. You guys have access to this. You can see that what we’re saying is true, we can’t fake this. So, I hope that makes sense to everybody. That we have the most transparent company in the history of the world that I’ve ever seen. Maybe something will be more transparent but this is pretty close to the top of transparent…
Zoran Miljakovic
Attorney at law