Sentencing of Ponzi scammer Renwick Haddow postponed till April 2024

The sentencing of Ponzi scammer Renwick Haddow has been postponed till April 19, 2024. The brand new date was set by Decide Laura Taylor Swain of the New York Southern District Courtroom in response to a request by the US Authorities.

The Authorities has extradited from Spain co-conspirator David Kennedy, and is within the technique of extraditing co-conspirator James Robinson. On October 13, 2023, Kennedy pleaded responsible pursuant to a plea settlement. Kennedy’s sentencing is scheduled for January 31, 2024 at 11:30 a.m. earlier than the Honorable Lewis A. Kaplan.

The Authorities’s investigation stays ongoing and the Authorities’s persevering with efforts to get better funds for victims domestically and overseas. The defendant’s energetic cooperation is anticipated to proceed for the subsequent six months.

Renwick Haddow pleaded responsible on Might 23, 2019, to at least one depend every of wire fraud and wire fraud conspiracy referring to the Bar Works scheme, and one depend every of wire fraud and wire fraud conspiracy referring to the Bitcoin Retailer scheme – a separate funding scheme involving Bitcoins.

Haddow was charged by Grievance in June 2017 for participating in schemes to defraud victims by making materials misrepresentations and misappropriating funding funds in Bitcoin Retailer and Bar Works Inc, in addition to associated entities he managed.

From November 2014 via June 2017, Haddow solicited investments in start-up corporations he created and managed, together with Bitcoin Retailer – a purported on-line platform for buying, promoting, and storing the digital forex often called “Bitcoin” – and Bar Works, which purports to be an organization that adapts former eating places, bar premises, and different areas into co-working areas. When doing so, Haddow made materials misrepresentations about, amongst different issues, the administration, operations, and historic efficiency of these corporations.

In July 2017, Haddow was arrested in Morocco on the premise of a provisional arrest warrant for collaborating in these schemes.