Federal prosecutors to drop charges against alleged mastermind of $722 million crypto Ponzi scheme
The Department of Justice is planning to drop the charges against a Colorado man accused of running cryptocurrency fraud that allegedly netted him $722 million in ill-gotten gains.Matthew Goettsche, along with several others, was indicted in 2019 over claims he defrauded investors with his crypto mining firm, BitClub Network. He rewarded investors for recruiting new members, prosecutors said, the classic structure of a Ponzi scheme.In a sharp reversal, the deputy […]
