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DOJ Drops Crypto Fraud Charges | Oakland News
Description
The DOJ is dropping charges against Matthew Goettsche, the Colorado crypto fraudster behind BitClub Network, a scheme accused of being a massive Ponzi operation that lured investors with fake mining profits. Sources say the case was dismissed with prejudice after Goettsche’s team reached a resolution, despite prosecutors previously insisting on a jury trial and citing damning evidence—including Goettsche’s own messages mocking investors. The move, ordered by the deputy attorney general’s office, has sparked controversy, especially after Goettsche hired Trump-linked lawyers, though DOJ denies any political pressure. While officials say recovery efforts continue, the dismissal raises serious questions in the crypto world.
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