Pre-trial custody ordered for alleged BitClub crypto Ponzi schemer
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Quick Take
- Federal Indictment charges Jobadiah Weeks and alleged conspirators with running massive Ponzi scheme involving cryptocurrency mining
- December 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 release
- Weeks has been transferred from Florida to New Jersey.
Link to order Alleged crypto Ponzi scheme conspirator Jobadiah Weeks is going to remain in prison until trial, per a recent order entered by a federal judge in Florida. Weeks was allegedly part of a $722 million crypto ponzi involving something called the BitClub network. Per the Court: Defendant is alleged to have promoted BitClub […]
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