NY Court orders US Govt to update on proceedings against Ponzi scammer Renwick Haddow

Maria Nikolova

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.

Read this next

Digital Assets

Bybit under pressure from Ontario regulator after being forced out of the UK

Bybit has recently been forced to close its operations in the United Kingdom following the ban on Crypto CFD products earlier this year. 

Digital Assets

‘Rat Poison’: XRP, BTC, ETH, ADA, DOGE rebound despite JP Morgan survey

Interestingly enough, when asked about their personal investments, 40% of them were actively trading cryptocurrencies.

Industry News

FTX and MLB partner together for brand awareness and innovation

FTX, one of the largest crypto exchanges in the world that has been on an expansion spree, has announced that it has tied up with Major League Baseball (MLB) in the US for brand awareness.

Digital Assets

Polygon (MATIC) and Aave grant recipient tie up to incentivise new users with rewards

Polygon (MATIC), a Layer 2 solution on Ethereum, has tied up with Aave grant recipient RabbitHole to incentivise new users for making deposits into Polygon.

Digital Assets

John McAfee, software pioneer and a big crypto supporter, dies in Spanish jail

John McAfee, the founder of the anti-virus software which was a household name a couple of decades back and a huge crypto enthusiast, has died in a Spanish jail on the same day that a court allowed him to be extradited to the US.

Industry News

TraderEvolution Global partners with TradingView: Brokers to enjoy direct access

The multi-asset platform is now connected to TradingView’s network of venues, liquidity pools, and asset classes 

Digital Assets

Visa and Paypal invest heavily into $300 million blockchain fund

Visa and Paypal, behemoths that have been known supporters of the blockchain domain, have invested in Fund V of Blockchain Capital.

Opinion

FX Trading is a business: If you want results, act like a professional. Go Prime of Prime!

Trading the markets is a business. It is no wonder that the ones that see it as gambling are willing to trade against the house, but retail traders that want results, they must act like professionals.

Digital Assets

Celsius acquires MVP workshop as it looks to build more on crypto

Celsius, one of the largest cryptocurrency lending and rewards earning platforms, has announced that it has acquired the development division of MVP Workshop as it looks to expand its development team.