BitClub Promoter Admits Guilt In $722M Crypto Ponzi Scheme

By Philip Rosenstein (September 3, 2020, 8:10 PM EDT) -- New Jersey U.S. Attorney Craig Carpenito announced on Thursday the guilty plea of a California man who admitted involvement in a conspiracy to offer and sell unregistered securities and falsifying a tax return related to work with the BitClub Network — which prosecutors have likened to a high-tech Ponzi scheme....

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