BitClub Network scammers to be sentenced March 2023
BitClub Network Ponzi scammers Jobadiah Weeks, Silviu Balaci and Joe Abel are scheduled to be sentenced in March 2023.
The trio’s respective sentencing dates were rescheduled via an August 12th order:
- Jobadiah Sinclair Weeks will be sentenced on March 14th, 2023
- Silviu Catalin Balaci will be sentenced on March 16th, 2023 and
- Joseph Frank Abel will be sentenced on March 21st, 2023
It’s expected, but not guaranteed, that all three will spend time in prison.
BitClub Network defendant Matt Goettsche is, for now, fighting the criminal charges against him. His case has been continued till October 2022.
Defendant Russ Medlin is imprisoned in Indonesia on child sex crimes.
In related news, Weeks (right) applied to have his home detention changed to curfew on August 8th.
We respectfully move to modify Mr. Weeks’ bail conditions from home incarceration to a curfew, to allow Mr. Weeks to attend family activities and visit family-owned properties within the State of Colorado.
Pretrial Services Officer has informed us that they are amenable to this modification in light of Mr. Weeks’ overall compliance with the conditions of his release.
The United States, through Assistant United States Attorney Anthony Torntore, defers to Pretrial Service’s position.
Weeks initially thought he could pull a fast one while subject to detention. As per PreTrial Services’ assessment above, Weeks seems to have accepted his fate and settled down.
Weeks’ motion for a change to curfew was granted on August 15th.
Update 1st March 2023 – On February 24th the court rescheduled Joe Abel’s and Joby Weeks’ sentencing.
- Joby Weeks’ sentencing has been rescheduled from March 14th to November 14th, 2023
- Joe Abel’s sentencing has been rescheduled from March 21st to November 15th, 2023
No explanation for the rescheduling was provided.
As far as I know, Silviu Balaci’s March 16th sentencing is still on schedule. I’ll check back on March 17th for an update.
Update 17th March 2023 – On March 6th, Balaci’s sentencing was rescheduled for November 16th, 2023.
No reason for the rescheduling was provided but this is in line with Abel’s and Week’s rescheduling last month to November.
Update 16th October 2023 – On September 19th and 22nd respectively Joby Weeks’ and Joe Abels’ sentencings were rescheduled to March 12th, 2024.
No reason for the rescheduling is provided on the case docket.
Update 20th October 2023 – Silviu Balaci’s sentencing has been rescheduled to March 13th, 2024.
Update March 2nd 2024 – The BitClub Network scammer sentences have collectively been continued to September 2024.
Update 1st January 2025 – Joby Week’s sentencing has been rescheduled for February 2025.
This is ridiculous. At this rate he’s never going to be punished despite stealing hundreds of millions.
Am I correct in thinking that they are on house arrest and the longer they push these sentencing dates out the less jail time they will get due to “time served”?
The courts must insure that assets of these people are attached and sold to recover and refund disgruntled investors cheated by these people including Matt Goettsche and Russ Medlin
Only want my money back.
Article updated noting delayed Weeks and Abel sentencing dates.
Balaci’s March 16th sentencing appears to still be on schedule.
joe abel’s wife janet is in the Philippines, spending money like crazy, they hide the money in their different houses in the Philippines, not in the bank because they know what will happened.
Thy did not return the money to the victims, they worked hard to scammed victims.
oh no, house arrest in his Joe abel’s mansion in Camaarillo, Ca , what a life. Wife in the Philippines, spending fortune. Hard earned money of victims.
Oz?
I checked the docket on March 17th. Balaci’s sentencing has been rescheduled for November, in line with the other BCN sentence dates.
Made a note of it on Balaci’s guilty plea article. Will add an update note here too.
Why is it that all the other Crypto scammers even SBF are being locked up after stealing our money and these guys that are as guilty as hell are still spending our money and living at home ?
This does not make sense, did they pay off a few people along the way? Even the Mtgox case is paying out something to investors.
The only people that make money are the attorneys and they cant even put them in jail !
SBF hasn’t been sentenced yet. He’s in custody though because he’s an obvious flight risk.
Gotta remember he’s one person. MLM Ponzi schemes usually have multiple defendants.
This is just speculation on my part but I suspect these delays might be related to the possibility of securing extradition of Russ Medlin. Don’t forget he’s still locked up in Indonesia on child sex charges.
This is unbelievable! These scumbags need to pay for what they’ve done to hundreds of people!
Does anyone know who to contact to inform them of your name and the amount of money that was swindled? I just want my money back!
They all knew what they were doing. Lying and stealing from people that they pretended to be friends with as well. They should not be allowed to spend time with their family and friends and be on house arrest.
They should be sitting in jail thinking about what they did to themselves, their family and everyone else!
Your money is gone and nobody is soliciting claims from BitClub Network victims.
Any feedback on refunding bitclub network disgruntled investors worldwide?
That’s a question for the DOJ.
I will prey bit caming before 2024. it long process. money came back.
Any updates on these guys sentencing?
Yes. Read the article.
Article updated with news of Abel’s and Weeks’ sentencing being rescheduled into 2024.
Article updated noting Balaci’s delayed sentencing.
I’ve also received an unconfirmed report Weeks has abandoned his wife and child while on release. His wife apparently has stage 4 cancer.
Anyone knows what is happening with all frozen assets of these scammers? Are we going to receive any Bitcoins back?
Eventually restitution will happen. But not until the cases are resolved.
I can offer that Joby W is out and about with plenty of walking around money but appears to be living fairly modestly.
Definitely not on house arrest or any sort of state based lock down.
All that I want is my money back I don’t care if this guy’s are sentenced or rot in jail for scamming us
Your money isn’t sitting somewhere waiting to be sent back to you. It’s gone.
Welcome to MLM Ponzi schemes.
They put back web site bitclubnetwork and using as back to normal.
customer service answering what all get back to normal and asking transfer btc fee to to upgrade your old acc to new server. They still steeling money.
No they didn’t. Recovery scammers.
BitClub Network is dead and has been for years.
Was Abel sentenced yet?
Was Abel and the other scammers sentenced yet?