Judge scolds US Govt over failure to update on case against Ponzi scammer Renwick Haddow

Maria Nikolova

Judge Lorna G. Schofield gives the US Government until August 15, 2019, to update on the criminal proceedings against Haddow.

For the numerous victims of Bitcoin Store Inc. and Bar Works Inc., two of the fraudulent schemes operated by Ponzi scammer Renwick Haddow, the wait is far from over. The actions taken by the US authorities against the scammer have been protracted for several years already, with only scarce information about what’s really going on being provided to the public.

The US Government has been delaying its reports about the developments in the criminal case targeting Haddow. This has sparked the reaction of Judge Lorna G. Schofield of the New York Southern District Court who is assigned to the case brought by the Securities and Exchange Commission (SEC) against the fraudster.

On August 13, 2019, the Judge noted that an Order dated July 19, 2018, required the United States to file a status letter every sixty-days providing the Court with an update on the related criminal case United States v. Renwick Haddow, 17 Mj. 4939. Whereas, the United States failed to submit the letter, it is ordered that, by August 15, 2019, the United States shall file the status letter.

The previous report by the US Government was also delayed. The Government said back then that on May 8, 2019, Renwick Haddow pleaded guilty to an Information charging him with two counts each of wire fraud and wire fraud conspiracy related to schemes involving the companies Bitcoin Store Inc. and Bar Works Inc. and their affiliates.

The defendant pleaded guilty pursuant to a cooperation agreement, and his cooperation with the Government’s investigation into these offenses is ongoing.

The Government said back then that Mr. Haddow’s sentencing has not yet been scheduled.

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