Abel also pleaded guilty to a separate information charging him with “knowingly and willfully making and subscribing to a false tax return for tax year 2017. He failed to report approximately $1,097,179.65 in taxable income. Thus, he owes approximately $476,213.00 in additional federal income taxes to the United States.
In December 2019, a grand jury indicted Abel together with BitClub Network creators and operators, Russ Medline, Matthew Brent Goettsche, Silviu Catalin Balaci and promoter, Jobadiah Sinclair.
Abel promoted BitClub Network despite knowing that it was a scam
In the indictment, prosecutors alleged that BitClub Network was cryptocurrency mining scam or a high-tech Ponzi scheme. The defendants and co-conspirators allegedly solicited money from investors in exchange for shares of purported cryptocurrency mining pools and rewarded them for recruiting new investors into the scheme, which they operated from April 2014 to December 2019.
Abel also pleaded guilty to a separate information charging him with “knowingly and willfully making and subscribing to a false tax return for tax year 2017. He failed to report approximately $1,097,179.65 in taxable income. Thus, he owes approximately $476,213.00 in additional federal income taxes to the United States.
In December 2019, a grand jury indicted Abel together with BitClub Network creators and operators, Russ Medline, Matthew Brent Goettsche, Silviu Catalin Balaci and promoter, Jobadiah Sinclair.
Abel promoted BitClub Network despite knowing that it was a scam
In the indictment, prosecutors alleged that BitClub Network was cryptocurrency mining scam or a high-tech Ponzi scheme. The defendants and co-conspirators allegedly solicited money from investors in exchange for shares of purported cryptocurrency mining pools and rewarded them for recruiting new investors into the scheme, which they operated from April 2014 to December 2019.
