
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.
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.
Gutenberg Dos Santos will now stand trial in a New York court together with four others who were arrested in the United States.
The suspects reportedly operated AirBit Club, a scam that allegedly defrauded its investors of over $20 million.