According to an announcement made on Monday, US Department of Justice and Southern District of New York (SDNY), The alleged Ponzi AirBit Club scheme leader was extradited from Panama.
Gutemberg Dos Santos he is one of the six accused AirBit Club executives and the last to arrive in the United States to face proceedings before the SDNY. Dos Santos is a Brazilian and United States citizen. Authorities initially arrested five of the six in August, and a sixth avoided authorities until October.
The DoJ AirJit Club sold Promised Guaranteed Earnings “Membership” Alleges. Each of the six operators generated profits as the product of mining operations and club trading strategies. According to the Justice Department, those operations never existed. Instead, membership tolls went to fund more worldwide marketing, including huge events to recruit new members and jet-set lifestyles for themselves.
Some of these events can be found on the still-active AirBit Club website, and the most recent happened in São Paulo, Brazil, last year.
One of the six defendants was Scott Hughes, a California attorney who, according to the Justice Department, he collaborated with the AirBit Club leader, “among other things, helping to remove negative information about AirBit Club and Vizinova from the Internet”, possibly threatening libel suits to quell dissent.
Hughes is also accused of helping the operation to laundering income through multiple customer accounts.
One of the most famous Ponzi designs is PlusToken, which recently acquired more than $ 4 billion in crypto assets seized by the Chinese government.