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$722 BitClub Crypto Ponzi scheme operators appeal for freedom

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Two purported BitClub crypto Ponzi scheme operators have submitted an appeal to a United States federal court asking to be released from prison due to the fear that the penal institution might harbor the coronavirus pandemic.

The two, Matthew Goettsche and Jobadiah Weeks, separately tendered submissions imploring the Essex County Correctional Facility in Newark, New Jersey, to release them on March 20 and 23rd.

Moreover, Mathew’s lawyer, Rodney Villazor, stated that it is just a matter of time before the epidemic hits the penal institution. He argued that it would not be possible to contain the disease once it finds its way to the detention center. Besides, he said that “the risk to Mr. Goettsche’s health and safety grows with each day that he remains incarcerated” at the correctional center.

New Jersey correctional facility criticized for substandard health and safety measures

Week’s attorney argued that the jail has an unusually lousy track record of sustaining inmates’ health. The legal adviser referred to the discovery by the office of the Inspector General of the United States Department of Homeland Security. Back in 2019, the Inspector General’s office reported that the New Jersey county jail constitutes severe dangers to the detainee’s health and safety.

Weeks representative said:

“Given the noted risks of illness through inadequate food service and environmental safety at the Essex County Correctional Facility, a swift outbreak of COVID-19 at the facility is virtually inevitable.”

BitClub crypto Ponzi scheme operators sold unregistered securities

Furthermore, the BitClub crypto Ponzi scheme operators’ lawyers claimed that confinement of the amenity would hinder their clients from abiding with the discovery request for their ongoing lawsuits.

The two suspects and two others were indicted for running a $722 million cryptocurrency scam since 2014. The scheme ran for about five years until 2019 under the disguise of BitClub Network.

The operators reportedly requested money from investors in exchange for shares in their crypto mining pool. In addition, the investors were promised additional referral bonuses if they recruited new investors. Goettsche and Weeks are prosecuted for conspiring to engage in wire fraud. All the four are indicted for crypto Ponzi scheme operators are indicted for conspiring to sell unregistered securities.

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Arnold Kirimi

Arnold is a crypto and blockchain enthusiast. A communications expert with interest in hard-hitting journalism, he is always on the hunt for the latest events in the cryptocurrency world. He is inspired by what Bill Gates said, “Bitcoin is a technological tour de force.”

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