BitClub Network creators arrested, DOJ alleges $722M Ponzi
The DOJ has gone after five individuals connected to BitClub Network.
Matthew Brent Goettsche, 37, of Lafayette, Colorado, and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are charged by indictment with conspiracy to commit wire fraud and Goettsche, Weeks, and Joseph Frank Abel, 49, of Camarillo, California, are charged by indictment with conspiracy to offer and sell unregistered securities.
Goettsche, Weeks and Abel have been arrested. Two co-conspirators, whose names are under seal, remain at large.
The DOJ cites Matthew Brent Goettsche as a co-creator of BitClub Network.
Jobadiah Weeks and Joseph Abel are cited as BitClub Network promoters.
I can’t speak to the others, but barely a week ago we reported Abel was still actively scamming victims through Dunamis Mining and Onyx Lifestyle.
A sealed defendant is also credited as a co-creator. The other is a co-creator and also worked as BitClub Network’s programmer.
As per Goettsche, Weeks and Abel’s indictment, BitClub Network was a $722 million dollar Ponzi scheme.
As reported back in 2014 here on BehindMLM, BitClub Network’s Ponzi ruse was bitcoin mining.
From its inception in 2014, BitClub Network was never about sharing crypto mining profits.
It was the goal of the conspiracy for the GOETTSCHE, (sealed), WEEKS, (sealed) and others (the “Fraud Co-Conspirators”) to enrich themselves by soliciting and causing others to solicit investments in BCN through materially false and fraudulent pretenses, representations, promises, and omissions.
GOETTSCHE, (sealed) and others discussed and understood that BCN’s purported cryptocurrency mining would not be profitable, but would serve to induce investors to purchase BCN memberships and shares in BCN’s purported mining pools.
The Fraud Co-Conspirators made and caused others to make materially false and fraudulent pretenses, representations, and promises to, and to conceal material facts from, investors regarding aspects of BCN’s investment products, including the information that was displayed to BCN’s investors as proof of “bitcoin mining earnings” that purportedly were generated through BCN’s bitcoin mining pool.
Cited evidence of fraudulent intent from inception includes emails between BitClub Network’s founders.
In one such exchange, a sealed defendant gloated to Goettsche how the MLM side of BitClub Network would screw over 99% of affiliates.
The margins from the MLM [multi-level marketing] will also be insane cause I have seen your skill at constructing attractive matrixes that have almost O chance of paying more than 50% of max for 99% of the people :D.
Goettsche himself (right), stated in a 2014 online chat that ‘BitClub Network’s target audience would be “the typical dumb MLM investor”‘.
In October 2014, two months after BehindMLM’s published review, Goettsche and a sealed defendant discussed faking mining statistics to encourage investment.
GOETTSCHE: but we may need to fake it (mining profits) for the first 30 days while we get going.
(sealed): we can do that
GOETTSCHE: it needs to look real though :p
GOETTSCHE: so need a bit of your magic touch on it
(sealed): look real how? We fake real revenue numbers and show them in account daily
GOETTSCHE: and we dont want to fake it too good so that when we need to back it down it drops off
GOETTSCHE: terminolgy [sic]
GOETTSCHE: explanation of what is happening
GOETTSCHE: inconsistent numbers daily so its [sic] not perfect
GOETTSCHE: all kinds of stuff
(sealed): inconsistent numbers IS real
GOETTSCHE: people think we are not legit or are weary so we need to be careful rolling this out
(sealed): if we pay consistent numbers it will be fake
GOETTSCHE: i know… that what I am saying, make the numbers inconsistent
(sealed): will make it real
This discussion continued, with BitClub Network’s founders referring to their investors as “sheep”.
“I guess most people do not know only 40% is used for mining and the rest for commissions,” to which GOETTSCHE replied, “the leaders know … its the sheep that dont.”
A few months later in January 2015, Goettsche and a sealed defendant concocted a fake node scheme to keep investment rolling in.
GOETTSCHE: having our own node
GOETTSCHE: its a big one
GOETTSCHE: I’ll put together full details to make it achievable
(sealed): but that will instantly net us 10x that
(sealed): so you want our own pool
GOETTSCHE: yes dude
(sealed): and then we get miners to mine there?
GOETTSCHE: most of these idiots have no idea, they just want to make sure we can verify SOMETHING
Goettsche would go on to reassure the sealed defendant;
We are building this whole model on the back of idiots.
(To) prove the mining … just means convincing the morons ;).
BitClub Network’s bogus mining pool was referred to internally as “shiny shit”.
The reason for that is because BitClub Network’s daily returns had nothing to do with bitcoin mining.
Goettsche and his programmer manipulated daily payouts at will.
GOETTSCHE: bump the daily mining earnings starting today by 60%
(sealed): 60%? wow. that is not sustainable, that is ponzi territori and fast cash-out ponzi
(sealed): but sure
GOETTSCHE: yea they have not been bumped in a long time
GOETTSCHE: we can push them back down, but we need a boost
(sealed): you do realize you need to pay for like 1000 days technically?
GOETTSCHE: we will dilute over time
GOETTSCHE: members will think its due to strong growth
GOETTSCHE: but right now the payout does not break people even after 1,000 days
GOETTSCHE: we need to look like we will break them even in 9-12 months and then start to curtain it from there
GOETTSCHE: just bump it by 60%, im putting together an update about newly installed equip and that we will be showing mining proof in the next week
As revealed by a June 2017 exchange between Jobadiah Weeks and Goettsche, despite its representations BitClub Network wasn’t buying mining equipment.
We (Bitclub) can’t just ‘sell’ people mining hardware (shares) in Bitclub and then not use the money to buy equipment. Its not right.
Bitclub makes 20% regardless of the price.
By September 2017 the writing was on the wall, and Goettsche hatched his exit-scam.
We close the current pool to new shares, we call it the Early Adopters Pool or Legacy Pool or some shit like this.
We continue to pay out for the total of the life of the pool but no more partial shares or new shares allowed in.
This means the day we close it we have 1,000 days that we calculate out and put on autopilot.
Here is my current plan… (in my head)
1. Limit sales by the hour to do $50 mil per month
2. Drop mining earnings significantly starting now
8. We retire RAF!!! (rich as fuck)
BehindMLM reported on BitClub Network first screwing over early investors in August 2016.
This was four months after the company pseudo-compliance banned investment from the US.
I say pseudo-compliance because…
ABEL, WEEKS, and others encouraged U.S. investors to utilize a VPN to obscure their true, U.S.-based IP addresses so that BCN and the Defendants could avoid detection and regulation by U.S. law enforcement.
Two years earlier Goettsche and his co-conspirators stated they were “staying anonymous” to avoid regulators.
The DOJ cite BehindMLM’s “OneCoin abandon US operations” article, which Joseph Abel sent a sealed defendant in 2015.
Communications dated August 2017 further prove BitClub Network’s operators were well aware they were breaking the law;
In or around August 201 7, BCN admitted in an investor update that “Bitcoin might be a security regulated by the SEC, [and] Bitcoin mining could potentially be a security[,]” yet did not register with the SEC.
BitClub Network’s operators and promoters were apparently avid BehindMLM readers.
In March 2018 a sealed defendant emailed Jospeh Abel with our “Scott Warren’s Crypto World Evolution securities memo is deeply flawed” article.
By March 2018 the cash flow situation within BitClub Network was growing increasingly desperate.
This promoted Joseph Abel to reassure affiliate investors;
We are, what they call in the bitcoin network, too big to fail. … It’s important that you understand that. We’re too big to fail.
Seven months later BitClub Network collapsed.
Matthew Goettsche, Jobadiah Weeks and Joseph Abel have been indicted on two counts; conspiracy to commit wire fraud and conspiracy to offer and sell unregistered securities.
The wire fraud conspiracy charge carries a maximum potential penalty of 20 years in prison, and a fine of up to $250,000.
The conspiracy to sell unregistered securities charge carries a maximum penalty of five years in prison and a fine up to $250,000.
The DOJ is also pursuing forfeiture of ill gotten gainst against Goettsche, Weeks and the two sealed defendants.
Stay tuned for case updates.
Update 16th June 2020 – BitClub Network’s Russ Medlin has been arrested in Indonesia.
To anyone who doubted our BitClub Network reporting over the past five years, we accept your apology in advance.
At last! 🙂 Only $700m too late…… 🙁
Couldn’t find Goettsche’s photo anywhere. There’s a Facebook profile but not sure if it’s him.
Anyone able to help out?
Abel is that scum in the Dunamis reboot that nickel and dime filth, molesting scum Ari Maccabi was best friends/never opportunity better, etc blowing all over right?
I’m sure that filth Ari Maccabi drained his pud. Whatever it takes to make ponzi $. Ari swallows….
Ouch! Please fill in this form to try to get some of your Bitcoin back: justice.gov/usao-nj/page/file/1224831/download
Founder of Bitclub is Russ Mercer and they are probably after Ryan Conley as well I imagine.
I guess you know this but Karatbars that you have also written about was a major part of Bitclub and introduced literally hundreds of people to it.
Sorry Russ Medlin heis profile is here: facebook.com/jasper.ben.1232
@Oz you can find Matt Goettsche’s photo in the review article below of another scam he was involved with in the past.
If you scroll down to the “Corporate Leadership” section his picture is the one on the right side with his wife.
I met him years back with his long time business partner Russ Medlin and this does not surprise me at all unfortunately.
Mark Goettsche the same guy?
edit: Oh wait, seems to be a typo on BusinessForHome’s part.
There is a picture of frank here: archive.is/n1FI1
I’ve been collecting some links showing Bitclub’s connection to Roger Ver, the BCH cryptocurrency, and Bitcoin.com at
Going off that photo Greg, Russ Medline has to be one of the sealed defendants.
One of the two defendants unnamed in the indictment you refer to, the programmer, is a Romanian called Silviu Catalin Balaci.
His name wasn’t redacted in another released version of the indictment, as discovered by this reporter:
If Joe Abel is the same Joe Abel of Onyx Lifestyle fame, then it will collapse. The Feds got a two-for and didn’t even know it.
Now you know why Ari Maccabi fled to the Philippines. He’ll feign ignorance and was duped then after a couple of months will be back with his latest, greatest and can’t miss Ponzi to pimp. It’s all Ari knows how to do.
And once again, the habitual crook/scammer, Ari Maccabi is weasling his way out of any wrong doing!!!! S C U M B A G!
This has been taken from one of his Facebook group postings.
Ari Maccabi, is a blood sucking scammer. He must be the only person, as a so called leader, that can’t tell if an opportunity is a ponzi or scam.
Tells his followers that he spends months looking at the opportunity and speaking to owners. You only have to look at the opportunity and you can see its a ponzi – Everytime!
He must have some bad luck, as every opportunity he has ever been in, turns out to be a scam.
The guy is full of shit conman…
Russ Medlin is the remaining defendant, and the one that is redacted talking with Matt, and still at large flying around in his private BCN jet, tail number VH-UBQ
I do hope he is arrested and punished along with all of his cohorts.
When you see criminal conspiracy plain as day, so will the jury that ultimately punishes these guys – they belong in jail.
Here’s a photo of Russ Medlin’s plane:
He apparently has had the BCN logos removed on the tail and on the winglets. He’s been flying a lot lately for some reason 😉
Another Big fish at Bitclub Network was Joerg Wittke from Germany residing in Dubai. He made millions in less than 2 years.
Yeah, Ari is in full “but I didn’t know the scam was a scam” mode. And he’s currently promoting Mining City, another securities fraud scam.
We called BitClub Network in 2014, and we know Ari reads BehindMLM like everyone else in the MLM underbelly does.
A big “net winner” in BCN to look out for will be Frank Astheimer.
A few arrested but the Ponzi is fully functional?
Frank Astheimer is now pimping some new scam…here’s a little bit of his bogus HYPE:
“A brand-new star on the business horizon that never has shine before.
So new… nothing ever has been done like this before.
I have only a straightforward recommendation… GO, GET IT NOW…
Many leaders missed out before on eight figures, and I’m not exaggerating here.
It is a painful lifelong experience you will never forget and always regret!
Mistakes are okay… just repeating them can be very costly.
Do you want to share with others later on how much more wealthy you are OR do you want to share with them how much you missed out again?
What if the leaders you know get back to you later, and they tell you how much more wealthy they are because they did take action and had no excuses, and you could have had them in YOUR team.
Hype? No! The pure reality, as I have seen, these things happen many times in the last 30 years that outstanding leaders missed out on the most significant chance.
This business I share with you has the most incredible product ever.”
All this to say…..what for another MAJOR SCAM being pimped soon by this crook and I’m sure many other crooks!
Kevin Thompson shared the news with a brief statement that actually highlights something I’ve been hoping someone else knew.
He mentioned “…the money behind it.”
When you look deeper at Bitclub, Onyx, Kuvera, Wealth Generators you begin to see some common parties involved. Some have went to great lengths to hide their identity and one never shows up on anyones radar. I’m hopeful the authorities are building a bigger case on him.
The only way he is brought down is by the players people are familiar with on the hot seat turn evidence on him. They’ll probably end up committing involuntary suicide first considering his reach.
It’s organized crime at a level being totally missed.
I will say that it’s interesting that Bitclub and Kuvera stopped paying out on mining right around the same time.
It’s also interesting how many times the parties of these companies have been in the same room. Along with one person that no one seems to catch.
Voldemort? Y’know, given your reluctance to just spit it out.
Bernadette on point! Let me add another name (KEY) to that list:
JASON KARAMANIS. The self acclaimed “Godfather of MLM”. Hes not the godfather he’s my nuts and a pussy. When will someone take this roach out?
The biggest injected into Bitclub and builders brought to the ponzi platform was from this career criminal who does this everywhere. Who told me? JOE ABEL himself.
What a fucken disappointment this news. Karma.
Or maybe your downline could just ask you nicely, eh Michael?
From Dec 2015…
and Oct 2016
What is confusing is how was BCN on the blockchain if not mining. There must have been some mining taking place before greed took over in a major way.
Think BCN has been shut down which is good except my funds are lost.
Read the chat logs. They fudged it.
Whatever token amount of mining might have been taking place was part of the scheme to defraud.
To quote myself from bitcointalk.org/index.php?topic=1152263.msg13842632
Sorry for your loss.
Goettsche was the majority owner of at least one mining facility in Montana, and “involved” with at least two others, according to this local report:
So he did have some real mining hardware.
But remember that
(a) Those blocks were labelled as being from BitClubPool, not BitClub Network.
BCN presented BitClubPool as being just them, but in fact, it was impossible to determine where the coins from blocks mined by that pool actually went (people tried, but immediately after mining they started moving around in ways that strongly suggested someone was deliberately trying to make that impossible).
Who knows, maybe he managed to label all the blocks from those Montana facilities as being from that BitClubPool, with most of it going to parties other than BitClub Network. He didn’t need to mine lots of bitcoin, he just needed to create that impression.
(b) However much mining they could have done, right from the start it was clear that the returns they promised were impossible.
I wrote my little contribution before I had seen tmfp’s one. I feel rather proud that as a layman, I’d also managed to spot the crucial difference between BitClub Pool and BitClub Network, which someone technically savvy had already pointed out more than three years ago.
I wish I could remember where I read the bit where someone had tried to trace the further transfers of some of those coins.
this is a huge huge huge defraud of the grid somehow. we deploy our own pools at our company and we know how difficult it is in deployment as well as upkeep due to fork and algorithm adjustments from any of the projects (coins) you might be supporting as a “pool”.
There is very little margin of manipulation and if the FEDS are saying that they never deployed or mined their pool but were able to “display it” on a user interface level (creating a false or non existent read) major MAAAAJOR violation.
Trust me their is something in the block-chain also called forensics. If the forensics verify that there was no mining. These guys are beyond done.
Just because they say its mining just because they pay you for mining doesn’t mean it is submitting Hash-power on from the hardware software config and output of each ASIC on the combined network of “Bitclub’s Mining Pool” in this case Pools?
This means they do not exist never did exist and those miners everyone went to see in Iceland so you can “get excited” and they can lure in everyone for the biggest slaughter.
Those farms in Iceland were all a set up someone elses’ machines turned on bannered up for the Bitclub prospect or leader going for a “walk through” confirmation. “fake it tell you make it”. Criminal might have been but this is beyond criminal knowingly doing it. Simply Disappointing.
These guys behind this company, starting from the funding group of little boy Jason Karamanis and that Punk thug Russ then they brought our once long ago friend (idiot) Joe to market it to the field and the masses.
I told him not to do it to stop in 2016 but it was too late they were all rolling in Rolls Royces but who knew worse than worse it was all a lie and they started the company calling people sheep.
Do you know what that means when you call people sheep. In this wicked MLM its equivalent to slaughtering. Beyond Criminal.
Yet what blows my mind is that some of you above are talking about still getting paid by Bitclub.
That Bitclub is mining other coins yet you haven’t confirmed (and the government has) that there is no back end Network hardware and software infrastructure (IT) at all.
Dangerous the Bitclubs and Phil Piccolo’s/Kevin Johnson’s of this space have to be stopped. Dangerous shit. It hurts the good people.
At one time BitClubNetwork WAS mining a measurable amount of blocks on the bitcoin network.
Currently, the mining pool looks like THIS: blockchain.com/pools
If you use the “way back machine” you will see that at several points between 2014-2018 BitClub Pool WAS mining 1%-3% of the blocks.
It was still a Ponzi scam BECAUSE there was no transparent relation or data linking the amount of new recruits to the amount of “tasing power” being added to the pool (and a pyramid scheme because payouts had nothing to do with what they were or were NOT mining).
Furthermore, there was no transparency, data, evidence or relation linking the amount of new recruits (incoming money) to the scaling of the (existent, but not correlated directly to) hashing power.
Bitclub Network sold SHARES of the “mining hashing power” but there was no way for an individual to identify what that meant (despite THE BLOCKCHAIN OF BITCOIN which would have made this evident).
BCN scammed its investors in classic Ponzi fashion by illegally not disclosing its accounting and clearly embellishing its financials, which are not based on the reality of the scheme’s business model.
based on our understanding of the back end, most probably.
its a tie up between BitFury and Bitclub Network (in agreement) to at anytime give time to point specific number of ASICS into the direction of Bitclub Networks dropped nodes (btc pool) to show over the many years the daily “Block Wins” for BitClub Network.
All of this Hardware pointing and redirecting point all belongs to Bitfury.
An agreement is struck internally to fool the investor to believe that these ASICS belong to Bitclub but do not, nor do the 13 XBT per Block found “win” that for those years you saw or thought belonged really to Bitfury.
Asics are deployed to point through the dropped nodes (Pool “Bitclub”) the Block achieved pays out the reward (approx 13 XBT to Bitfurys Wallet).
Bitclub pays Bitfury for the conspiracy and crime and uses the Block found win ledgered at the network (blockchain.com/pools) for marketing recruiting and heisting people’s money.
That’s all they need the ledger showing the win. Motherfuckers and piece of shits The people behind Bitclub and Bitfury (if this is what we believe they did). Bunch of losers and at core DNA criminals.
a winner and a good person learns how to deploy a pool figures out a way to acquire and deploys or executes the number of hardware systems (miners/servers) configs them to properly front and back end and supports the CORE grid.
It takes longer it requires you to learn deploy config specific Node language so you suffer as a company but you do it right! and you output REAL Hash power the grid needs to support the entire project (coin).
The network marketer even worse the MLMer and even worse then that (those who should hold the highest level of responsibilities running the company) problem is all are lazy.
want it the easy lazy way which even for them justifies the thug language of “coming up” on others so they can go buy leerjets and rolls royces with bad money.
Here is a lesson whom not to do business with.
Darren Little (whatever his real name is) just attacked and threw a guy from FB group (which was for promoting Dunamis) after guy asked if Joseph Frank Abel’s arrest will affect people’s money in Dunamis.
Classic move by scammers. It is an intimidation tactic. That guy also let me know that Darren Little also contacted that person via PM with adhominems and blocked him.
Dunamis name was Dunamis Global Tech if I remember correctly. Joseph Frank Abel announced on his YT (youtube.com/user/joefabel1/videos) that Dunamis was merging with Onyx Lifestyle just before his arrest.
Coincidence? I don’t think so.
This BCN scam has so many parties involved that it is amazing to watch **itstorm unravel.
Broke my phone screen and only have half the view ATM. Appears paragraph #3 & #4 are mostly redundant. Sorry.
(1st world phone problems)
The real puppet master is Jason Caramanis.
While some are familiar that he places contractors in mlm’s under performance agreements to be the fall guys for these scams. Something Kevin Thompson MLM Attorney pointed out years ago. He secretly through layers of companies is the money behind many mlm companies. While his contractors are mostly unaware.
In BCN very few are aware until today, he has one of the top spots in the Bitclub along with other positions below him besides his contractors. When the dust settles his positions alone probably earned him more than all those named in these charges.
He just contracted influencers to be the fall guys.
This doesn’t even include the leaders under contracts that he gets a cut from as well.
Interesting enough he has been behind Onyx, Kuvera, Bydzne, and many other companies as of late which all have been scamming customers and reps.
The threads do exist to connect all of this back from agreements, partnerships, assets shared, US and foreign entities, pictures, events with many of them in the same room. Along with much more.
It truly is organized crime at the highest levels.
He doesn’t, and never did, own that plane. In another typical case of trying to fake it until you make it, he chartered the plane for it looks like a week and during that week only it had the logo decals attached.
The plane belongs to Selestar Jet Charters and they will let you put your logo on their plane for a fee if you want to look like a big shot and impress the rubes.
MR. MARK MY MAN! IT COULDNT HAVE BEEN EXPLAINED MORE RIGHT ON POINT!
EVERYTHING YOU SAID IS NOT 100% ITS 1000% TRUE ABOUT JASON CARAMANIS. TRUE ORGANIZED CRIME GOING BACK DECADES!
@tmfp I agree I was wrong.
One of my friends who joined Bitclub was actually an employee of Bitfury.
At one stage in 2016 blockchain.info charts had Bitclub mining 7% of Bitcoin and Bitfury another 7%. The story fed by Joe Abel and Russ Medlin was that Bitclub had paid $5 million to Bitfury for exclusive access to their mining software for 5 years.
After over 2 years of consistent results things began tailing off in early 2017. I had told friends about it up till mid 2016 and recommended that they set buy back to the minimum to be safest. And to withdraw their earnings regularly.
7 people joined after my recommendation and gained a lot of knowledge about cryptocurrency. None of them “recruited” anybody. Not sure if this qualifies as a “downline”.
Of course I was duped and it was the blockchain.info pie charts that did it. PLus the videos with the stacks of mining machines and the endorsement and backing of Bitfury.
I think this might be a first for BehindMLM…
@MrMark don’t forget that Jason is also the main man in Jeunesse. He build that company with special deals from day one and had a ton of court cases running to recuperate money from leaders he paid that didn’t meet the turnover criteria.
Those lawsuits were revealed by Kevin Thompson years ago. He even had them running at Xocai and Zija where he seemed to have owned also positions in the network.
How much credibility as a company can you have when your so called top earner, has positions in 2 – 3 other product companies and on top some pure ripp off ponzi scams.
The mention of his name prompted me to have a look at his website for the first time in a while, especially
Have a look at the commenters….what a bunch. First up Joe Frank Abel – “This is not what I expected.”
I wonder if he said that again the other day, when he opened his front door.
@ Michael Todd
Cool story bro.
Dont worry if the feds dont get him (that bitch Jason Caramanis) dont worry hes on our shit list JUST LIKE PICCOLO and his bitch Kevin Johnson and his other two bitches Paul Morris and Joe Reid.
All of these bitches and a some more are all on our shit list for the crimes they have created going back many years and its coming for them. And if they are reading this, this should be afraid because Its coming.
I hope the FEDS shut down Bitfury and those who funded these assholes knowing better that they shouldn’t support x-criminals.
If someone knows that Ross is a convicted child molester and still joins the Bitclub Network or continues to support it, fucken shame your not a man or women you are a bitch too.
I cannot beleive how many stupid people there are on this planet or the level of greed in their DNAs to join someone like Ross knowing clearly who he was.
Dont say you didnt know because that’s bunch of bullshit. You knew you still did it. You deserve what’s coming to you too.
And for these people and their sake too the Feds have a respknsobility to go after EVERYBODY THIS TIME. and if they dont we will somebody should.
There is a movement and more should he directly involved comprised of good people coming together right now to get these crooks sooner or later.
Joe Frank Abel and wife, Jaynet Baysilan Abel played on our emotion that we are in the forefront of a revolution.
Justice will be served. 20 years in prison is not enough for this bloodsuckers.
Well the cards are falling.
I bought a founder trader package that has not generated any bitcoin entrance fee of R1700 plus R56 000 in South Africa was the equivalent of the 4000$ for the package.
I bought it in Sep 2019 then the bitclub claimed they crashed due to KYC restarted nov 2019 On and off claimed it was Binance API key I would have to re do every week.
Told them I want my money back they said I would have had to have done that within 72 hours of the purchase.
But I would not have known at such a short time it was just a rubbish scam not a real algorithm trading. Where to now not sure…..
Should have trusted my gutfeeling……
I hope Jaynet Abel gets dragged in to this as well. Take all her Gucci bags, newly built house in Camarillo and the mansion in Phillipines, her Bentley’s etc….
I love her comment on Facebook from back in May 2019″I let players play. I let haters hate…. bcoz Karma has a lovely way of handling their fate” ~Jaynet Abel. Literally, from her lips to god’s ears.
Matthew Goettsche was the brains behind Bitclub. He stayed anonymous and has 12 corporations set up all of them can be found.
Getch Holdings LLC and others all seized by the United State DOJ. I know he bought an island with a resort on it in Costa Rica. I hope they seize everything and are able to give it back to investors.
He is a snake. I hope he get the max 25 years in ass pounding prison.
I hope all of them an the government finds all who were involved. $772 million can’t wait to se the American Greed Episode.
The biggest scam In all of this hasn’t even been mentioned yet and that is club coin (CLUB) owned by Matt Goettsche.
If you were in BCN you know all about it. Do your research if not.
Matt Goettsche made hundreds of millions of dollars when that coin was pumped to the moon through Bit Club Network. Hundreds of millions!
He has money hidden everywhere, property everywhere. The Club Coin made him way more money than Bitclub Network ever did.
If you are an US-lnhabitain, get in contact with FBI and Teil them everything about GPU Mining, Clubcoin, Coinpay and BitClub Trader.
I truly hope the FBI and Department of Justice do their research and fine all the assets. He will go to trail in about a year and half so i hope they investigate.
I personally think Russ was a pawn in all this and also the rat. He was put there by matt to protect matt.
Matt has a lot of money hidden. just by the text Matt not paying Balci $28,500 for a job could make him a rat too. Very glad he was cough.
Hi I’m South African
I really don’t know what I’ve done to my life. I’m unemployed and this Bitclub thing brought a very huge poverty in the family.
Oh God forgive me for what I’ve done to my life. I gambled unknowingly I’m so sorry God. Help us oh God so that these people may return all our money back to us in the name of Jesus Christ.
I also lost about R215000 which is equivalent to $14900.
The worst part is that I sold my house invested money in this network business thought I would be able to generate the best monthly income then would buy me the best house. Now I’m just hanging around with no place to stay.
I’ve been trying to login to my Bitclub account as from December, several times but failed. I’m not even sure what’s really happening. There is no access at all.
You didn’t gamble, you invested in a Ponzi scheme. Mathematics dictated that as a late investor, you were guaranteed to lose money.
Neither God or Jesus Christ will return your money. Your belief in fairy tales is likely what led you to this predicament to begin with.
Financial losses aside, perhaps now is the time for some self reflection.
I was wondering why scammer Wes Garner has been so bummed and posting messages about forgetting the past and moving forward. I totally forgot he was a Bitclub pimp, as well as a OneCoin pimp and numerous other Ponzis.
He must have been so distressed about Bitclub that he saw fit to scrub his public Facebook page of everything predating November 13. Not to worry Wes Garner, we got your back and will make sure your involvement in BitClub Network is never forgotten.
According to others’ posts, Wes Garner of Upton, Wirral, is quite the leader and had thousands in his downline. He even boasted about making 200k last year alone.
Perhaps the FBI or any relevant UK authorities should give him a jingle? facebook.com/profile.php?id=100004256374724
Threads are being exposed Mark.
The connection of Bitclub to Kuvera, Westmyn owned by Travis Bott has now been made official by the Kuvera email communication it just sent to it’s customers.
How long before the authorities hold Kuvera accountable for all the bad 3rd party vendors they place responsibility on along with connecting them to Bitclub?
It’s getting old seeing that Kuvera never steps up and accepts the fact that they introduced these customers, took the money, and signed the contracts with the customers.
Funny too, Kuvera also had an agreement with another company for a failed forex ai that ran off with everyones money.
That company owner just happens to be the very same Travis Bott.
Thanks for forwarding that Kuvera update Tim, much appreciated!
The mind boggles why the SEC haven’t acted yet. Investview is literally right under their nose.
I would like to know about the progress of the case because as a investor iam in the dark , if are going to get our money back.
Only criminal proceedings at this stage. No civil recovery yet that we’re aware of.
New application for release from prison:
Missed this one because it was filed later the same day I last checked the docket.
Matt Goettsche and Joby Weeks want out, DOJ has opposed.
Same deal as the OneCoin request though. Hearing is scheduled for Monday so I’ll hold off reporting till then.
Here’s the latest on their attempts to be released. Judge Hammer refused:
They have all been released except medlin. They are due for sentencing later this year. After there jail sentence.
They will come out of jail with there bitcoin intact. Hidden off line. And still be rich.
Doubt it. The DOJ know how much was stolen and all the BitClub Network suspects will be subject to forfeiture.