Last Thursday, pleaded for a Romanian man guilty for his role in the BitClub crypto Ponzi, according to an announcement from U.s. attorney Craig Carpentino. Silviu Catalin Balaci was arrested and imprisoned in Germany, where he had lived before his guilty plea via video conference by a judge of the united states district.
Fake money for mine
Balaci pleaded guilty to two conspiracy to commit wirefraud, and the offer and sale of unregistered securities in connection with the BitClub Network. He joined beleggersgeld with a commitment to investing in crypto mining. In addition, it was the promise of a reward to investors for recruiting others. In short, it’s a traditional Ponzi then.
Balaci has confirmed that they are using in the case of at least 722 million dollars worth of bitcoin from investors, and has won, ” the statement said. It can have a maximum sentence of five years and a fine of up to 250,000 dollars. Yet, there is still a strafdatum to be determined.
The three co-conspirators
The Department of Justice in december of last year, for the first time, and three other men are charged in connection with the BitClub network [lan]. Matthew Brent Goettsche, Jobadiah, Sinclair, Weeks, Joseph, Frank and Abel, were also charged with conspiracy to commit wirefraud, to commit, and unregistered securities sales.
Balaci and Goettsche were going to get ignorant investors to scam, according to the evidence presented by the Department of Justice has been obtained.
Of the two, called the investor the dom, and the audience, it was due to their being labelled as a sheep. She wrote, in fact, that the whole model has been built on the backs of idiots.