Alleged British Bitcoin Scammer Extradited to US for Defrauding Over $36 MillionThe FBI has announced on Friday that Renwick Haddow, a 49-year old UK national, has been extradited to the US from Morocco to face charges at the Southern District Court of New York. He is accused of defrauding more than $36 million from victims by making material misrepresentations and misappropriating investment funds in two companies, Bitcoin Store and Bar Works.
Fake Bitcoin Broker ExtraditedHaddow was arrested in Morocco under a provisional arrest warrant in July 2017 after the SEC filed fraud charges against him. He allegedly used sales representatives to cold call potential investors and sell securities in the two companies he controlled while hiding his involvement due to his shady past.
According to the SEC’s complaint, promotional materials presented to investors in both companies showcased senior executives who did not really exist, and misrepresented other key facts about the operations. Haddow allegedly diverted more than 80% of the in funds raised for Bitcoin Store, and sent more than $4 million from the Bar Works bank accounts to Mauritius and another $1 million to Morocco.
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https://news.bitcoin.com/alleged-british-bitcoin-scammer-extradited-to-us-for-defrauding-over-36-million/
