AirBit Club lawyer, promoters sentenced to prison over $100M digital asset scam
The two promoters got five and one year behind bars, respectively, while lawyer Scott Hughes, who laundered the proceeds for AirBit Club, got 18 months.
Latest AirBit Club News
IcomTech mining scam CEO pleads guilty to fraud, faces 20 years in prison
Marco Ochoa ran IcomTech, luring investors with promises of guaranteed profits from ‘crypto’ trading and mining, but spent the money on a lavish lifestyle.
AirBit Club founder gets 12 years in prison over $100M ‘crypto’ mining Ponzi scheme
AirBit Club lured investors with promises of guaranteed profits from BTC mining and trading, but the money went to lavish mansions, travel, and luxury cars.
AirBit Club execs plead guilty to fraud charges, face 20 years in prison
Victims saw the red flag in the operation of AirBit Club after all attempts to withdraw their funds failed, cementing their instinct that the firm was a Ponzi scheme.
AirBit Club: US extradites one of block reward mining scam founders
Gutenberg Dos Santos will now stand trial in a New York court together with four others who were arrested in the United States.
US charges 5 with running AirBit Club block reward mining Ponzi scheme
The suspects reportedly operated AirBit Club, a scam that allegedly defrauded its investors of over $20 million.