The US Department of Justice says funds are now available to compensate AirBit Club victims.
The operators marketed the Ponzi scheme as a cryptocurrency mining and trading business with guaranteed profits.
AirBit co-founders Pablo Renato Rodriguez and Gutemberg dos Santos, promoters Cecilia Milan and Karina Shires and lawyer Scott Hughes were sentenced. 2023 For their role in the investment scam.
They were also ordered to forfeit all fraudulent proceeds, which include real estate, US currency, and crypto assets.
In a statementtThe Department of Justice says the government now has a large sum to distribute to defrauded investors.
“To date, the United States has seized more than $400 million in assets that are now available to compensate eligible victims for their compensable losses. Any victims who have previously provided their information to the FBI or the U.S. Attorney’s Office will be contacted by the relief officer, RCB Fund Services, LLC, (RCB) to file an appeal.”
The Department of Justice’s announcement comes after the launch of a remission process to provide recovery for AirBit victims last week.
Assistant Public Prosecutor A. Tyson Duva from the Criminal Division of the Ministry of Justice:
“Defendants exploited the popularity of virtual currency to promote the scheme and recruit additional victims. The criminal convictions and significant asset recoveries obtained by prosecutors and law enforcement partners enabled the Department to successfully launch this major effort to compensate victims.”
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