NY Court orders US Govt to update on proceedings against Ponzi scammer Renwick Haddow
Judge Lorna G. Schofield of the New York Southern District Court gives the US Government until June 11, 2019, to provide an update on the criminal proceedings against the fraudster.
There has not been much information over the past several months about the United States criminal proceedings against Ponzi scammer Renwick Haddow, who is known for his fraudulent Bitcoin schemes. The scarcity of information has been noticed by the Court, as the Securities and Exchange Commission (SEC) is also targeting Haddow in a separate civil lawsuit.
Earlier today, Judge Lorna G. Schofield of the New York Southern District Court issued a brief order directing the US Government to provide an update on the Haddow matter.
A previous order by the Court required the United States Government to file a status letter every sixty-days providing the Court with an update on the criminal case captioned United States v. Renwick Haddow, 17 Mj. 4939. Whereas the United States failed to submit the letter, today the Court orders that, by June 11, 2019, the United States shall file the status letter.
Let’s note that the criminal proceedings have been protracted with every extension of the deadlines attributed to ongoing negotiations between Haddow and the US authorities. At some point, however, the updates stopped.
The last official information about the action against Haddow was made available by Geoffrey S. Berman, the United States Attorney for the Southern District of New York, in May this year with relation to the activities of Sam Aura, another member of the “Bar Works” conspiracy. U.S. Attorney Berman announced the unsealing of a guilty plea, on May 8, 2019, by Renwick Haddow, a/k/a “Jonathan Black,” in which he admitted to his own involvement in the fraudulent scheme related to Bar Works, as well as to making material misrepresentations and misappropriating investment funds in another company created by him called Bitcoin Store Inc.
Haddow was originally charged in June 2017 and extradited from Morocco in April 2018. He pleaded guilty to an Information charging him with wire fraud and conspiracy to commit wire fraud and is cooperating with the Government in this investigation.