The SEC (United States Securities and Exchange Commission) has filed a request to reopen a court case against known Bitcoin (BTC) scammer Renwick Haddow. Haddow has yet to resolve the SEC’s claims against him.
The SEC has already submitted a letter to Judge Lorna G. Schofield, of the New York Southern District Court on December 6th. The letter stated their request to reopen the case against Haddow. Last year, the SEC accused Haddow of defrauding and scamming Bitcoin investors out of over $37 million. The court found him guilty in June of 2019.
Accusations against Renwick Haddow
In their letter, the SEC noted that the court gave a partial judgment on Haddow on September 10th, 2019. Following this judgement, Judge Schofield closed the case on December 5th.
The SEC states that its claims for monetary penalties remain unsettled since the judgment and closure of the case. The regulator expects to reach an agreement on damages to be paid to investors. Or to seek monetary relief should the court reopen the case.
Haddow has been extradited from Morocco to the United States and appeared in court last April in the Manhattan District. The Department of Justice (DOJ) made claims that Haddow “misappropriated investor funds” as well as “made false and misleading representations” to investors. Haddow conducted these practices in “Bitcoin Store”, “Bar Works” and related schemes between November 2014 to June 2017.
Other recent crypto-related crimes
Back in November, the New York Southern District Court made a ruling in favor of the U.S. government to intervene in a civil case against Jon Barry Thompson. He was charged in court with “knowingly or recklessly making false representations to customers in connection with the purported purchase of Bitcoins worth over $7 million.”
Additionally last month it was reported that Dennis Blieden, a former Hollywood based executive of a digital marketing firm had pleaded guilty to wire fraud and identity theft. Blieden was charged with embezzlement of over $22 million from his employer. He reportedly used the funds he stole to buy gamble and cover personal expenses.