BitClub Network website pulled offline
Dec.25, 2019 in
BitClub Network, regulation
As the DOJ’s investigation into BitClub Network continues, the company’s website has now gone offline.
As at the time of publication, attempts to load BitClub Network’s website throw up a 522 HTTP error (connection timed out).
At present we don’t have specifics as to what exactly lead to BitClub Network’s website going down, but it’s highly it’s a result of the arrest of four out of five BitClub Network operators.
As reported yesterday, convicted pedophile and BitClub Network CEO Russ Medlin is still at large. His current status and whereabouts are unknown.
US authorities are hunting Medlin down, however whether he is apprehended remains to be seen.
Stay tuned for updates on BitClub Network’s website going down if anything further develops.
Bitclubpool.com is still up, showing correctly the last block mined under that umbrella on 6th November, by an account appropriately named BitClub Dream…Puff.
@tmfp
bitclubpool is offline too…
look screenshot… prnt.sc/qgycg2
I WANT TO DO MY UPDATES (KYC) BUT THE NETWORK IS OFF. ANY HELP OR SUGGESTIONS? THANKS. ENJOY YOUR DAY!
Uh BitClub Network was a Ponzi scheme that went kaput.
What on Earth are you trying to do KYC for?
I am also interested in this i have been trying for weeks.
Y’all can read right?
BitClub Network was shut down by the US government. It was a Ponzi scheme. Your money is gone, there is no KYC.
I would like to know what the authority will do now with people like Rixio Abreu, Javier Lafarga, Santi and Sofia Liceras, among many others than in Spain, through their platform “The gladiators of the internet” (LGDI for its acronym in Spanish) promoted this scam (and previously participated in others) and now … as they see that it has fallen, they close the web and migrate to other “businesses”.
One gets tired of seeing how these “entrepreneurs” leave corpses behind each other …
Here we have Javier Lafarga and Rixio Abreu, in Reykjavik, when they were visiting the Bitclub Network offices: youtube.com/watch?v=Gw5iS_9DJ_s
Rixio Abreu presented the “opportunity” of Bitclub Network: youtube.com/watch?v=bQRGEP8LG3U
Presentation of the Internet Gladiator Boot Camp, promoting Bitclub Network: youtube.com/watch?v=i263EitDVAc
All of them “great entrepreneurs” who are “living life” thanks to the unsuspecting who fall into their networks …
Bitclubs exit scam – Whatsapp Message
if Bitclub was a scam… it means Blockchain is a scam also?
If BitClub Network had audited accounting reports, there’d have been no reason to hide from the SEC and operate illegally.
Can confirm the above sentence makes no sense. No DDOS/hacking protection “works” by taking down a site.
Nah. One of those is a Ponzi scheme, the other is a ledger. Herp a derp derp.
New bullshit presented by a Monsterbuilder via Whatsapp:
If the founders were arrested bcz of scam, the authorities should force them to refund the customers.
As investors what do we do now.. Just wait for updates. From who or where?
The DOJ’s case is criminal and has nothing to do with investors. Recovery isn’t part of the equation.
There is one main point that is not discussed, even not in FBIs documentation.
It simply is: think in Bitcoin. You had to pay BTC and you receive BTC. The lodses you take in BTC are higher than 90% in average.
That is the reality, eben if you habe a small profit in USD. If you calculate the value of the difference between BTC payed for shares and BTC payes as “mining results”, than you see the whole dammage.
You only lost whatever the value of bitcoin was at the time you handed it over. You didn’t lose any speculative gains because what you invested was paid to someone else.
No, think in BTC. If you have paid 10 BTC and received 1 BTC, then your losses are 9 BTC or 90%.
It’s not a matter of “thinking BTC”, BitClub Network was a Ponzi scheme.
You lost whatever you paid to convert into BTC at the time of your investment (or the current BTC value at the time of your investment).
You can’t lose a speculative value on BTC you never had. Once you invested your BTC into BitClub Network, it was used to pay off someone else.
Here you can find the documentation. It is in german language, but figures are figures are facts.
c.gmx.net/@329910498168406881/cqK-q6fESVuUVJV22NDH2A
Regulators don’t give a crap about imaginary losses. Losses will be calculated based on USD amounts at the time of investment.
The only was to buy Mining shares was to pay with BTC. No other currencies were accepted. I did not loss USD i lossed BTCs. I want to get back my BTC.
I never had USD.
BTC has a USD dollar value. Losses won’t be calculated in BTC because nobody cares.
The DOJ have already made a preliminary $722 million dollar estimate so I don’t even know why we’re discussing this.
I bought the shares with my BTC. I want to get back my BTCs. I never owned USD.
You do not really understand the Magic trick they used.
Yeah good luck with that. Like I said, nobody cares.
@Thomas Kaysh – I understand your point, but it’s a losing battle. You SHOULD be pissed at the scammers for that, but that’s all you can do/ be.
My lawsuit is filed in court against 2 operators from this ponzisystem.
How can I file a suite..I invested 7800. For 1 founder for 3500 and 2 2k for making total 7500 plus 300 for enrollment fee making it 7800. My family really needs me money back..
Thanks Ignacio GARCIA.
A lawsuit? Through a lawyer.
Doubt you’ll get back more than you spend in legal fees though (if anything).
You and your family invested in a Ponzi scheme. Sorry for your loss.
OZ for the first time I agree with you about this…
I did it through a lawyer, of course. And again: I invested Bitcoins. It is a question of civil law, not public law. I simply want to reach a reversal of the whole trade.
Remember Alan Greenspan; wait and see!
guys I hope what I read in this conversion its not true. how can this be possible. we are talking about money here no jokes please. OHH NOH.
Simple. You hand over money to Ponzi scammers, they use it to pay those who handed over their money before you but keep most of it for themselves.
Same as any other MLM Ponzi scheme.
I invested in 2017. And I have received no payment until they requested that KYC….. And now I’m trying to long in the sire has been shut down…. Where do I send my complaint now…
Not really much point in sending in a complaint. The DOJ are pursuing BitClub Network’s founders because it was a Ponzi scheme.
We don’t know what this means for victims yet.
Who was your sponsor in the business? Didn’t I warn you of the risks?
I don’t think you are going to get your money back, but if you see that your sponsor acted in bad faith, just trying to earn his commission for your entry, and that now he has jumped into another possible scam, use social networks to try to prevent other “poor unsuspecting” fall into their networks and in the future be another corpse of these frauds.
we were told to uplaod kyc to avoid hacking. we were told to wait 30 days before we start mining. we were told to wait 1000 days to get our dividends all in the name of scam.
hei i dont want anything to do with this anymore. i wil jus work an get rich through my hard work. i am so done hope they rot in jail.
I invested 1.5 million meaning I bought 28 founder pools, I have lost that money, since my sponsor has promised me that I’ll get R3500-R9000 per month which I received.
0.0000001 in my currency is R0.00. I confronted her she said Bitclub network is not a scam its just that the system has crushed via kyc.
She even fly to ashia to meet with Russ they took nice pictures but I commented on that post and say when you come back bring my money back.
Dunno if you’ll get any money back but BitClub Network’s website is offline because of the DOJ shutting it down. Has nothing to do with KYC.
I just want to find out if there’ are prospects of success, I know that the matter is still under imvestigations but just need the honest truth about this, we have invested our children’s monies.
Assume that money is gone until you hear otherwise.
I think recovery hinges a fair bit on Russ Medlin’s arrest, which could be years off.
No, what it means is that you are a scammer, but then we all knew that anyway.
youtube.com/playlist?list=PL1fAaMz18fuhVdKDoGhtOvm3z1tw5nlF9
I think that’s a very simple A x B = $722m equation where
A) = number of Bitcoin mined in their name
B) = current Bitcoin price
tmfp:
It’s got nothing at all to do with any mining they may or may not have done, or with the price of Bitcoin. The indictment simply states:
That they used bitcoin as one transfer method to receive that money is immaterial. They set their prices in dollars, the price of bitcoin never made any difference to what they did.
For cryptocurrency afficionados, it may also be useful to point out that in the internal communications revealed in the indictment, the scammers themselves only ever talk about real money, in dollars.
Including for financial transactions among themselves, such as payments to the programmer. Bitcoin only comes up as part of the fake public front they’re running.
I’m sure in this regard they’re like all cryptocurrency scammers. Criminals want real money. Bitcoin et.al. make a useful money laundering tool, and a neat way of receiving payments without any risk of being cut off by banks or payment processors, nothing more.
The cryptocurrencies they create themselves are obviously ideal for running Ponzi and pyramid schemes: for the first time in history, when running such scams you can get away with not paying any commissions and ROI at all, and instead just hand out your own monopoly money. But that’s as far as their belief in cryptocurrencies goes, they haven’t drunk the crypto koolaid themselves.
Good day I want to know that bitclub network will be back again or people loose their hard earning cash.
And why they block their system.when will be back what should people except.
BitClub Network was a Ponzi scheme. Your money was gone long before the scheme was shut down.
Russ Medlin, a convicted pedophile, is now on the run with millions of dollars in BitClub Network investor funds.
Apparently he’s hiding in a country with no extradition treaty with the US. Who knows what (or who) Medlin is spending your money on.
Bottom line: BitClub Network isn’t coming back. Sorry for your loss.
Seriously? Really someone convinced you to invest such amount of money?
I guess you don’t talk about dollars … because that money is unfortunately lost for you.
Oh shiatt, invested a founder pool plus 2 GPU pools, convinced my mom to take out a loan. How would you rate the probability of getting anything back?
Was whatever pool they always showed reflecting on the blockchain which seemed to have been mining actual bitcoins was all a scam as well?
I thought Bitclubnetwork explicity stated that it wasn’t available for USA residents, my account had been temporarily suspended apparently because i logged in from the US during one of my trips earlier this year and it captured my US IP address.
How then does the DOJ have authority to shut down the site of a non-american company operating from outside the USA.
Non existent at this stage. There’s no civil recovery efforts that I’m aware of.
Because that’s not what BitClub Network was.
BitClub Network was a Ponzi scheme run by Americans. Said Americans were running around the world living their crypto Jason Bourne fantasies.
In reality all they were doing was stealing investor funds, a large percentage of whom were from the US. Sorry for your loss.
Oh damn, i figured something fishy was going on when the site begun crushing out of the blue of late and i even sent many messages trying to get my account removed from suspension from August.
Till i started suspected there perhaps could be more to the issue. I noticed almost all pools were now earning 0.00001 btc daily which is pretty much equivalent to nil.
I never would have suspected, i had been withdrawing consistantly from my account without much challenge, i was actually planning on withdrawing the little bitcoins that had accumulated since my last withdrawal around May of last year. fml!!
I hope this will come to end, we need a quick solution if they were arrested the authorities must remember that we invested lot of money and if there is a wrong doing with bit club networks.
Investors must get their money back. we looking forward to get an update on how the cases will be investigated.
Not what you want to hear but this will drag on for years. A lot hinges on Russ Medlin’s eventual arrest.
@Reginald
It is not what usually happens as I have seen in other scams. People who have invested their money in these Ponzi schemes do not usually stop well.
Perhaps in some cases, a small part of the investment can be recovered, but in general, it is very little …
Perhaps it is best to prevent people who have made an open profit with this and other scams, are recognized thanks to networks or websites like this.
dammmmm all the money gone !!!!!
I would say yes. Maybe something will recover, but I think it would be little and in a few long years …
Ok we won’t get all our money back i guess I will live with that but if the authorities pulled the website offline can they at least bring it back online for a bit so some of us can withdraw the bitcoin we have for crying out loud!
You don’t seem to understand how a Ponzi scheme works.
The bitcoin in your backoffice doesn’t actually exist, it was stolen by Ponzi scammers.
That is not going to happen … that you had numbers in the back office did not mean that you really had that value in BTC.
The money vanished at the time you gave it to your sponsor or Bitclub.
If you want to do something, prevent other people from falling into these types of scams. Forward them to websites like this one, so that they understand.
If your Bitclub sponsor acted dishonestly at your discretion, let him know and use social media to prevent other people from being scammed if that person (as usually happens) has already jumped into another Ponzi system.
@Tired
Appreciate you responding in English but can you leave what you’re replying to in English too?
Hello everyone I recieved an email from altcointrader stating how them and FNB no longer have partnership in crypto currency transfers. then i decided to log in the bitclub page and found that i had to update KYC and the deadline was 31 December.
i emailed the hepl desk but to no response, so right now im confused, i found out about this just yesterday, ive read all the comments above.
im really puzzled as to why we were not sent emails to update kyc if it was so important and would prevent suspension of accounts.
Because BitClub Network was a Ponzi scheme. Any KYC bullshit they had going was just to keep you from your money.
I am not surprised how on earth you inveat R10k and still get R15 per week.
I have lost hope long ago. My worry is my moms mother and she lost a R1000. I am only worried about here and shw is a pensioner.
please advise what’s happening , very worried
Nothing’s happening. You invested in a Ponzi scheme and your money was stolen according to plan.
The DOJ are going after BitClub Network’s admins.
I invested R50,000 february 2018 in bitclub network, last week when i want to login the website is not working.
i am worried. What to expect!! Nelly
What to expect is you invested in a Ponzi scheme and now your money is gone.
Sorry for your loss.
Why hasn’t this hit the news? Why isn’t this in mainstream media? Or did I miss it.
In 2017 I invested 50K. I was able to move earnings and pull earnings. But after readig the definition of a PONZI…. I can understand in the latter days of 2018 there were excuses as to why I could not transfer funds out. What a mess and very sad.
Most of the time MLM Ponzi schemes don’t get a mention in the US. Especially if they go after mostly third-world country victims.
Might hear something when we get around to sentencing.
The court case was due 15 January, any news or progress regarding the court?
See updates here – https://behindmlm.com/mlm/regulation/bitclub-network-scammers-plead-not-guilty-weeks-want-out/
I’ll be next checking the docket on Saturday 15th.
I don’t know whether this has been posted before, but victims of this scam are asked to fill in this questionnaire and return it to: bitclub2019(at)fbi.gov
justice.gov/usao-nj/page/file/1224831/download
Any updates on what to do to get my money back.
I was introduced to Bitclub November 2019. I have not received any money. Please help.
You invested in a Ponzi scheme and your money is long gone.
Russ Medlin, a convicted pedophile, is spending it on who knows what in south-east Asia.
I lost 50 K Euro and dont think I will the money back! But i believe in Karma!
I was recruited to join this bit club networking around June 2018 and to date I never got a cent back.
I lost my job and I was proud that I made an investment into this network, When I prepared to update my profile by uploading my ID and proof of resident so that I could lodge a claim, the system collapsed, to date I have no cent.
LORD Jesus help us.
There are 4 in custody with Russ Medlin, a convicted pedophile hiding somewhere in south-east Asia. Why would anyone do business with a convicted pedophile is beyond me.
Since they have been refused bond it wouldn’t surprise me that they start turning on one another – and take more people down with them.
If you invested in this scheme you more than likely never see a dime paid back to you. I passed of the chance to get involved because I conducted my due diligence.
These individuals have assets all over the world and those aren’t available for the US government to seize. It wouldn’t surprise me that other countries start pursuing criminal action against these individuals.
Some Scandinavians have also lost their deposits in the Bitclub Network. Does anyone here have any idea what we can do …. us outside the US?
It’s hard for downlines to come together as uplines don’t do anything to help us. We are probably only a few at the bottom of the pyramid.
Uplines don’t report to the FBI as a victim, because they trap themselves as scammers, which perhaps is why they advise us NOT to fill out the questions to the FBI.
@Petter
Sue your upline in civil court, since thay got a cut of your investment him/her is by defintion “förmedlaren” (actully it will not come to that), Förmedlaren needs a aproval from Fininsinspektion (tillsånd att förmedla finansiella instrument).
Ask for a full refund from your upline, whitin 14 days, (email is fine)and point out that you will be lodge a claim trough Kronofogden if not paid , (more info on this link) nolink://kronofogden.se/kravombetalning.html
If they dont payup then civil court will force them into the same situation as “upline report to fbi”
i only recomend this if your upline is swedish. otherwise its kind of pointless.
You should contact a lawyer/konsumer protection agency (komunen har gratis) to make sure you have the documentation needed (recites, emailkorespondes, etc proving that you were “pitched” by your upline before taking it to court).
Most scammers seattle these as soon as kronofogends letter showup, since lossing in civil court opens up potential criminal court.
And “come togheter” (aka Grupptalan= Class Action) is pointless and way to complicated in sweden.
The cases where people have gotten their monies back is the procedure in my last #78 post, the “grupptalan people in those cases (ive read) didnt get anything.
Petter you can file report with your government. Other countries can proceed with criminal action as well.
Eventually the US government will know all the individuals who got scammed. Doesn’t mean you’ll receive your money. These guys have money, crypto, and assets hidden all over the world.
Thank you Lord and Jackson. But I’m a danish guy, and the upline lives outside Denmark, are danish..but lives in Spain.
Me (and my cousin) have filled in the papers as a victim and send to FBl.
Can we do more, now we aren’t Swedish?
Have you guys seen this website? Is it related to bitclub at all? Looks the exam same just in the UK.
bitclubnetwork.co.uk
Domain was registered May 2019. Login and register links have been disabled.
Looks like a “login so we can steal your credentials phishing site”.
I am not sure. They seems to be functional, at least for me (I can get to login/register form, I did not dare to submit it).
Oh they’re popups. I didn’t even click, just looked at the address bar which was “#” (usually means the link doesn’t go anywhere).
In that case deffo looks like a phishing site then. BitClub Network is over, anyone pretending to still run the company is just looking to rescam you.
@petter
Well nordic countries sheer alot of the same structures, but thats not the saying=identicle so i wouldent want to steer you in a direction im not 100% sure on.
my suggestion would be – lawyer/jurist to consult in daniah juridistiction. Theres also a ”eu consumer protection organization” but my (personal) opinion is that they are worthless at xborder scamming.
In Spain there was a group of people who already came from other scams (which on this website) and who now, with total impunity, have migrated to other businesses to continue their way of life.
It disgusts me that these people, knowing that they have made other people lose a lot of money (and that they have earned it) continue with that lifestyle, as if nothing had happened …
I share your views. There are countless of these scumbags who continue a life in luxury, going from one Ponzi to another. For most of them there really is impunity.
The authorities are hopelessly inefficient at handling ponzi schemes. We are living in a world where the scammers got the upper hand.
I agree with you. The authorities do nothing and the scammers continue on their way without problem.
But perhaps you could use social networks to publish their names and their adventures in MLM and try to redirect the unsuspecting future to websites like this so they know where they are going.
I think we are being useful idiots of the system….We know, mining and Bitcoin don´t have clear regulations in most countries, but that doesn´t mean it is ilegal.
Bitclub wasn´t perfect, but they had legit mining operations…that´s why I don´t consider them scamers…
if they were…they had left long time ago, but they didn´t do it. In my opinion they ended like that, because they comitted a huge mistake… they kept promoting bitclub plans in USA and people like Joe Able, used to brag about his car and house in social media…that was stupid.
The ironic part is…that Joe Able was alredy gone from Bitclub when he was arrested. Let´s call them idiots…but I don´t think is right to call them scamers…yet.
Nobody said they were. Offering unregistered securities and running Ponzi schemes is illegal, that’s what the DOJ have sued the BitClub Network scammers for.
Having or not having “legit mining operations” doesn’t matter when you’re recycling new funds to pay existing investors.
If your defense of a Ponzi scheme is “we shouldn’t have promoted our Ponzi scheme in the US”, you’ve already lost.
Scammers run scams. BitClub Network was a scam. The people running it were scammers.
Lost a lot of money! But she does not care! Dorte Winther – Hansen from Danmark!
Fascinating insight into self justification. Let’s call you both.
Hi,
After realizing that bitclub website was down I try to go into this: bitclubnetwork.co.uk
I spoke with the customer support agent who told me that I should reactivate the account here and he would have transferred all the money I had in the previous one, after activating meaning deposit 100$. I must admit I was tempted but then I investigated and I realized about the news.
The customer agent (Kim) insisted that if I was gonna make the deposit, that I could withdraw immediately after activating, it would have worked and that he did with many other account.
He also gave me a number which I should call to get a proof. It is an American number.
I haven’t called in order not to leave him my number and of course I expect this number to be an associate of him. Have anybody tried to activate an account with this website?
BitClub Network is over. That UK domain has nothing to do with the original Ponzi scheme.
Reload scammers trying to steal more of your money.
@Lord, @Petter #78
is there a similar Organisation in Denmark?
My sponsor lives there and I Would Love to get my Bitcoins back! Thanks in advance.
@Lostmoney. @ Lord
We do have a sort like your suggests in Denmark. Thank you so much Lord for your hints.
#lostmoney# How can I find you?
@petter
best of luck to you,
This world is full of selfishness, we work hard for our money then we invest it with an intention of a better future not knowing we building scammer’s empires.
I also invested here @ Bitclub I also want my money back pls.
Desperate, I logged in many of them, including BCN
KYCed, with all my information, but I did not pay verification 10 dollars demanded
Welcomed, even emailed, saying”Your account is now fully functional!”
Have I now lost it all to them??
If I’m reading that correctly you sent your BitClub Network login credentials to recovery scammers?
There’s no money to be lost because BCN’s imaginary returns don’t exist. If a victim claim portal opens up one day though the scammers might try to impersonate you.
2017 me and my other 9 friends we invested each of us 10 btc about $62000 US few of my mates they withdraw some money from their wallet but I didnt!
all of us put 9 btc to mining last 4 months ago i tried to have a look my account after.
They have been locked down JOBBY WEEKS i cant login to my account I asked all my other mate same thing we cant login.
Then when i google it this link (Ozedit: link removed) came front of me I put my details then they keep calling me to get my money but 10% of my loss $6200 US.
I said okay Whats your guarantee? They said to me I have to pay upfront $2050 US 2 weeks later another $2000US once my loss goes in to my account $2150US.
I just LOL another Mother F*@kers trying to ripping me off. is there anyone tried to get money back ?
It’s called a recovery scam. Ask for money on the promise of magical recovery.
Sorry for your loss.
Refer:April,10
Your response:
How should I avoid such, and escape that scam. I can’t change my Password now, they’ll pick it up.
Your response.
One of the main fraudsters for Bitclub, the German serial fraudster Jörg Wittke, has been living in Dubai for a long time.
There he believes he is safe from prosecution and is spending the fraudulent money of the Bitclub believers.
He constantly posts small videos of his good life in Dubai on Facebook. Hopefully someday someone will kick his ass!
You can’t avoid it, you’ve already given scammers your details.
Best you can hope for is if a portal ever goes up, you get in before they do or have information to prove you’re the account owner.
OZ
Please let me know any update bitclubnetwork. I am Canada there are so many people here invested.
I red your views is any hope to recover our funds.
I lost $6000 on BitClub pools, how can i claim my money back, i live in Kuwiat.
thanks.
There’s no claims process for BitClub Network.
I am sorry to tell you that you will not be able to get your money back. What they can do is find out if your sponsor is a serial scammer and if so, take advantage of social media to let the world know what kind of person he is.
I am bored to see how the scammers jump from pyramid scheme to pyramid scheme, without caring about the corpses that are left along the way. They only care about their “lifestyle”.
Good day I tried to withdraw nd its says pending confirmation it’s been two week nw.
BitClub Network was a Ponzi scheme shut down by US authorities. You aren’t withdrawing anything.
# Lostmoney
Read #78# Lord recommended. In all Scandinavia / same procedure.
The feds have “ownership” of the bitclub network website. If it’s anything like the online poker fiasco of 2011, it will be some years before there’s any chance of compensation. (if any)
Court Docs: courtcasedocs.com/Case%20Files/19-CR-00877-CCC/index.html
Hi
I have a withdrawal error on my bitclub network account.
i want to canceled the withdrawal but the is no option to cancel so can anyone please help because the admin email keep sending an automatic reply plus their call center phone number it is not working to.please anyone assist.
BitClub Network has been shut down by the DOJ. You have no withdrawal request.
If you’ve entered your details into a recovery scam site, you’re setting yourself up to me scammed again.
Good day,
BCN keeps on sending me emails,pushing for my kyc, and 10 dollars payment, in bitcoin, for verification.
They promise to activate my account, be able to mine my earnings as usual!
Any updates from DOJ, around our Bitclub Network case. This is frustrating!!!
BCN isn’t sending you emails, recovery scammers are. Just ignore them.
Medlin or one of his cronies appears to have sold the BCN database.
I’ve also made withdrawal of 0.05 btc but never received it and I believe they scammed me again. Where tried to enquire that they sent the following:
(Ozedit: scam email removed)
I then made the KYC but I won’t do withdrawal again.
You didn’t put in a withdrawal request to BitClub Network, you sent your KYC to scammers.
BitClub Network was shut down by the DOJ. It doesn’t exist anymore.
I see lot of people are joining Mining City and they making lot of money , is the company legit or it will collapse like Bitclub Network.
Mining City is a scam. Those people are either stealing from others or claiming income they haven’t really received–probably the latter.
Like all such scams, it will eventually collapse and most will lose money.
More info here:
https://behindmlm.com/mlm-reviews/mining-city-review-bitcoin-mining-securities-fraud-investment-scheme/
Good day
Is there confirmation of arrests of our scammers to date, Medlin, in particular!
Any updates about the case, what, and when can we get from this!
My upliner was to sell his 2 accounts to me, when the website was pulled offline!
All gone?? Update!!!
US authorities have confirmed the arrests via the court filings.
I check the docket periodically and publish any significant case updates.
Wow what an ending for these scammers! What made them think that things would end up different for them.
I remember joel abel came to a hotel in downtown LA in his lime green lambo with his wife. He gave a speech about how workers are held on a leash mon to Fri and on the weekend workers are let free. Then Monday they are held by a leash again.
It looks like now the prison leash will be pulling him for a while.
He had to admit to the sell of unregistered securities because he was stupid enough to make the YouTube video saying bitclub network was a scam and upload it. ♂️ Moron!!!!!
I lost my founder position in this scam but thankfully I was able to pull my some of my mining earnings out and transfer to another wallet. Only a fool would have left there earnings in this company.
Anybody interested in making money in other companies make sure they have a
1 balance sheet
2 income statement
3 An owner of the company
4 licensed to sell security
5 accept checks for payments not just cash
If you write a company a check and the company is fraudulent. You maybe eligible to get your money back. Don’t write a check to a personal name. Write it to the company.
Bitclub said they were transparent. And sold it well. Folks who went to Iceland saw the machines but we’re unable to get close to the machines or take pictures. Red flag.
Stay away from mining city or any cryto based mlm. Just buy the coin outright.
Did bill gates or Steve jobs or mark zuckerberg approach anyone of you saying they need money to start up. NO. Because they have no reason to making everyone rich. They want a competitive advantage. The less that know at the beginning the better.
These bitclub recruiters were only after money. They were not here to help individuals prosper financially. If someone had a life changing idea there is no way they will go recruit to help people financially get in on there idea. If that were to happen they will lose the advantage they have if everyone knows.
OMG Russ meddlin and his lies claiming he wanted to help people.
Don’t fall for it again folks!!!!
Good day
Bitcoin News
Latest news is that 2 scammers convicted, plead guilty to the Ponzi scheme!
Sentencing Jan, 2021
What do we, as victims can expect from the case outcomes, in terms of recovering our monies or Mining earnings??
Thanks
There were no mining earnings, BitClub Network was a Ponzi scheme.
Expect no recovery of losses until advised otherwise.
so that is it. money gone.
So looks like these guys are still trying to convince people to depart with their funds.
Have you seen this website (URL removed). They try and get you to register and say you can access your old funds with bitclubnetwork.com if you pay them $100 to activate your account. How dumb do they think we are.
Reload scammers. The original BitClub Network gang are in custody.
Is there any update on Bitculbnetwork up to today?? OR we finally lossed what ever we invested.
BitClub Network was a Ponzi scheme. The DOJ arrested the scammers running it.
https://behindmlm.com/companies/bitclub-network/bitclub-network-creators-arrested-doj-alleges-722m-ponzi/
Sorry for your loss.
Hello everybody,
I’m from Switzerland.I’m wondering if there are other BCN victims in this country. And if we had been contacted by the same “sponsor”.
If so, we could try to nail this guy down and get some of our money back. I have a plan, how to do this.
Let hear from you.
Hey Paul
Im also from Switzerland but i doubt that we have the same sponsor.
cheers
Hi Bjarne,
Only now saw your reply, thanks. My sponsors name is Sonderegger.
In the meantime i have reported him for fraud with the local authorities. Let’s see, what it brings.
All the best
Paul
I’m in South Africa. Is there any home of refund?
Ponzi schemes don’t issue refunds. The money is stolen the moment you invest.
With respect to getting anything back, there hasn’t been any civil litigation filed in the US.
The German serial fraudster Udo Deppisch had his own YouTube channel for BitClub Network:
share-your-photo.com/f45d2d1399
share-your-photo.com/fcd6283aa2
youtube.com/c/UdoDeppisch/videos
The new website (Ozedit: removed) is asking to deposit 100 dollars for each position we own and they say they will retain the old accounts back can we trust and do it or is it a scam again has anybody tried this.
There is no new BitClub Network website. It’s a reload/recovery scam.
#Petter#
My cousin he lost a lot to BCN.
Oz : If, how long was the mining tied up before you could withdraw deposits? Was it a year? When was BCN’s website shut down and no longer active? When was the BCN scam reported publicly?
Thanks for your, always nice answers Oz!
You write “there were no mining earnings”. Where can I read about this?
And “the money is stolen the moment you invest”. Can I read somewhere how? Trying to dig into this scam with a EU specialist in crypto scams.
Uh Petter, these are really vague questions about a Ponzi scheme that collapsed years ago.
You can scroll back to the beginning for full coverage of how it unfolded:
https://behindmlm.com/companies/bitclub-network/
Thank you OZ, I read all.
Any one else who can help me with two questions:
1. I can’t find how long time was the mining tied up before you could withdraw deposits.
My cousin invest 15000€ in May 2019. (Site closed down Dec.11 in 2019).
Was it one year?
2. His upline got some money for getting him with, any here who know how much for each downline. Was it a % for each ??
Once you deposited your money was gone.
https://behindmlm.com/companies/bitclub-network-review-zeek-ponzi-veterans-at-it-again/
Upline question answered there too.
Oz or anyone :-)))
Do any here have a print, or other of the original “Terms&Conditions”, perhaps an pdf for BCN?
Hope/thanks.
Not something I’d keep on file. Probably a tall order for anyone this far out.
Hi friends.
Has anyone at BCN ever managed to withdraw bitcoins, had you been with only 1/2 year? Did KYC even exist?
BitClub Network’s owners have all been arrested.
It was a Ponzi scheme. Sorry for your loss.