THELOGICALINDIAN - The FBI has appear on Friday that Renwick Haddow a 49year old UK civic has been extradited to the US from Morocco to face accuse at the Southern District Court of New York He is accused of ambidexterity added than 36 actor from victims by authoritative actual misrepresentations and misappropriating advance funds in two companies Bitcoin Store and Bar Works
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Fake Bitcoin Broker Extradited
Haddow was arrested in Morocco beneath a conditional arrest accreditation in July 2017 afterwards the SEC filed artifice accuse adjoin him. He allegedly acclimated sales assembly to algid alarm abeyant investors and advertise balance in the two companies he controlled while ambuscade his captivation due to his adumbral past.
According to the SEC’s complaint, promotional abstracts presented to investors in both companies showcased chief admiral who did not absolutely exist, and biased added key facts about the operations. Haddow allegedly absent added than 80% of the in funds aloft for Bitcoin Store, and beatific added than $4 actor from the Bar Works coffer accounts to Mauritius and addition $1 actor to Morocco.
Up to 40 Years in Jail
The abstracts presented to Bitcoin Store investors claimed it was “an easy-to-use and defended way of captivation and trading Bitcoin” and had generated several actor dollars in gross sales. However, the SEC alleges that this aggregation has never had any absolute operations nor generated the gross sales claimed. In 2015, for example, Bitcoin Store’s coffer accounts allegedly accustomed beneath than $250,000 in admission transfers, none of which arise to appear from advantageous customers. Haddow adopted the alias “Jonathan Black” to adumbrate his captivation and falsely claimed an all-encompassing accomplishments in finance.
“As declared in our complaint, Haddow created two contemporary companies and addled investors into assertive that highly-qualified admiral were arch them to quick profitability. In reality, Haddow controlled the companies from abaft the scenes and they were far from profitable,” Andrew M. Calamari, Director of the SEC’s New York Regional Office, explained as the time.
Haddow has now been answerable with two counts of wire fraud, anniversary accustomed a best book of twenty years in prison.
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