Crypto-Follow logo Crypto-Follow logo
TheBlock 2019-12-27 16:01:43

Pre-trial custody ordered for alleged BitClub crypto Ponzi schemer

Quick TakeFederal Indictment charges Jobadiah Weeks and alleged conspirators with running massive Ponzi scheme involving cryptocurrency miningDecember 20, 2019 order denies pre-trial release to Weeks.Court notes lack of ties to U.S., stated desire to give up citizenship, and significant assets (crypto and otherwise) as factors militating against releaseWeeks has been transferred from Florida to New Jersey.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer