Working with our law enforcement partners here and across the country, we will ensure that these scammers are held to account for their crimes.вЂќ вЂњWhat they allegedly did amounts to little more than a modern, high-tech Ponzi scheme that defrauded victims of hundreds of millions of dollars.

вЂњThe indictment describes the defendantsвЂ™ use of the complex world of cryptocurrency to take advantage of unsuspecting investors,вЂќ U.S. Two defendants remain at large and their identities remain under seal. All three are scheduled to have their initial appearances in the districts of their arrests. Goettsche was arrested in Colorado, Weeks in Florida, and Abel in California. Matthew Brent Goettsche, 37, of Lafayette, Colorado, and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are charged by indictment with conspiracy to commit wire fraud and Goettsche, Weeks, and Joseph Frank Abel, 49, of Camarillo, California, are charged by indictment with conspiracy to offer and sell unregistered securities. вЂ“ Three men were arrested today in connection with a cryptocurrency mining scheme that defrauded investors of $722 million, U.S. The attached indictment has been amended to reflect this. NOTE: A fourth defendant, Silviu Catalin Balaci, was arrested in Germany after the issuance of this press release.

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