BitClub Promoter Pleads Guilty for Role in $722M Fraudulent Mining Scheme

BitClub Promoter Pleads Guilty for Role in $722M Fraudulent Mining Scheme

50-year-old Joseph Abel pleaded guilty to two securities and tax-related offenses Thursday due to his involvement in promoting BitClub Network, a fraudulent investment scheme worth $722 million that purported to be a cryptocurrency mining pool.

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