AirBit Club’s Renato Rodriguez sentenced to 12 years prison
AirBit Club co-founder Pablo Renato Rodriguez, 40, has been sentenced to 12 years in prison.
On the money side of things, forfeiture was set at $65 million as per a previously consented to order back in March.
The DOJ has been given until December 26th to file a motion regarding Rodriguez’s ordered restitution.
Due to scheduling conflicts on the DOJ’s side, sentencing for several of Rodriguez co-conspirators has been delayed.
- Gutemberg Dos Santos (AirBit Club co-founder) will now be sentenced on October 4th
- Scott Hughes (AirBit Club lawyer) will now be sentenced on October 3rd
- Karina Chairez (AirBit Club promoter) will now be sentenced on October 3rd
- Cecilia Millan (AirBit Club promoter) remains scheduled to be sentenced on October 3rd
AirBit Club was an MLM crypto Ponzi scheme launched back in 2015.
In response to our reporting on AirBit Club, Scott Hughes (right) threatened BehindMLM with legal action in 2016.
AirBit Club indictments dropped in August 2020, confirming AirBit Club was a $100 million Ponzi scheme.
Milan and co-defendant Margarita Cabrera are also defendants in civil charges filed by the SEC.
The SEC’s AirBit Club case remains stayed pending the outcome of Milan’s criminal proceedings.
Update 5th October 2023 – Cecilia Millan, Karina Chairez and Scott Hughes have all received prison sentences.
Update #2 5th October 2023 – Gutemberg dos Santos has been sentenced to 40 months in prison.
Update 19th October 2023 – Renato Rodriguez filed an appeal against his sentencing on October 10th, 2023.