#matthew goettsche

The post DOJ Seeks Dismissal of $722 Million BitClub Fraudster appeared on BitcoinEthereumNews.com. The US Department of Justice is reportedly moving to drop charges against the founder of BitClub Network, a purported crypto mining platform that allegedly defrauded investors of $722 million between 2014 and 2019. A court filing shows Matthew Goettsche’s attorneys wrote to New Jersey district court Judge Claire Cecchi on Wednesday, stating that the parties “reached an agreement in principle” to resolve the pending charges “but need time to finalize the terms.” Goettsche’s attorneys’ letter to New Jersey district court Judge Claire Cecchi. Source: Bloomberg Law The filing came after the deputy attorney general’s office in Washington reportedly ordered the New Jersey attorney general’s office to dismiss the case against Goettsche with prejudice, according to a report on Friday from Bloomberg Law, citing two sources familiar with the matter.  Goettsche was indicted in December 2019 and was

Matthew Goettsche was set to face trial in October for conspiracy to commit wire fraud and selling unregistered securities.

The post DOJ plans to end prosecution of alleged BitClub mastermind in $722M crypto fraud case appeared on BitcoinEthereumNews.com. The U.S. Department of Justice [DOJ] plans to dismiss its criminal case against Matthew Goettsche, the alleged founder of the BitClub Network cryptocurrency investment scheme, Bloomberg Law reported. This could potentially bring one of the longest-running crypto fraud prosecutions to an end. The reported move comes nearly seven years after federal prosecutors accused Goettsche and several co-defendants of operating a global cryptocurrency mining scheme that allegedly defrauded investors of at least $722 million.  While the DOJ is reportedly preparing to dismiss the case with prejudice, no dismissal motion had appeared on the public court docket at the time of writing. Bloomberg: DOJ preparing to dismiss prosecution Bloomberg Law reported that the DOJ has instructed prosecutors in New Jersey to dismiss the charges against Goettsche with prejudice. This mean