Arrest made of alleged mastermind behind $722 million Bitcoin Ponzi scheme

So, here's the scoop. Russ Medlin, the supposed kingpin of the BitClub Bitcoin Ponzi scheme, just got nabbed in Indonesia. He was picked up for some serious sex-related charges after local cops found three underage girls leaving his place. Those girls claimed they were involved in a child prostitution ring. But the real kicker that got everyone talking was the international warrant out for Medlin related to the Bitcoin scam. Just to give a bit of background, BitClub was shut down back in 2019 after four of its founders were accused of wrongdoing. The last suspect was unknown until now, and it looks like Medlin is that guy.

Not only is he a scammer, but he is also a pedophile who has so far been very successful in hiding from the eyes of the authorities. Apparently someone betrayed him for the right price, or maybe he touched the wrong child so the local authorities want to get rid of him in a very elegant way by extraditing him to the USA. Such people should be imprisoned for life, but if the article is to be believed, he will face a maximum of 15 years in prison, which means that he may be out in 10 years or even sooner. What caught my eye was the following : I hope he meets some of these sheep and idiots in prison to thank him personally.

I remember this being pushed on a FIRE Youtube channel and said it was a ponzi then. Funnily enough the comment didn't last very long. Interesting how sexual deviance often seems to go hand in hand with financial deviance. The Mintpal scammer was a rapist too. And then there's our Calvin with his unusually aged chickens. I doubt he's going to get much of a sentence. They rarely do. Hope springs eternal all the same.

You need to have no morality to run scams and this is one of the things things you cannot switch on and off. If he can lie with ease and sleep well knowing he stole some people's life savings there's not much he wouldn't do. Those crypto scammers often get low sentences but there are exceptions, like: Robert Farkas, the founder of cryptocurrency firm Centra Tech, which raised more than $25 million from its initial coin offering scam, pled guilty in a federal court in Manhattan on Tuesday. The official statement accused Farkas of conspiring to commit securities and wire fraud and ordered a sentence between 70 to 87 months and a fine up to $250,000. The date of the sentence is yet to be determined. https://cointelegraph.com/news/crypto-founder-sentenced-to-seven-years-in-prison-for-25-million-scam I wonder if they'll ever get those two behind FuturoCoin. They run a ponzi for years and recently fled using previously purchased Gambian diplomatic passports...

I've seen some BitClub-related ads for the past few months being promoted on Facebook. Even some Facebook contacts of mine had joined and promote BitClub whenever they like. I did warned them about it, but they choose to ignore my advice and keep inviting people to join BitClub. There are even some strangers out there who had the guts to bombard my messenger with BitClub ads and inviting me to join. They can level up their marketing skills, but they can't easily penetrate my mind to possibly join them. Ain't a guy who ends up joining ponzi schemes like that. It looks like they have learned their lesson after this news came out. Sorry for those who were ended up being scammed by this ponzi scheme.

How did you get ads for this when it was shut down in December 2019, when 3 of them were arrested at that time and the website went offline? http://www.courtcasedocs.com/Case%20Files/19-CR-00877-CCC/index.html https://www.justice.gov/usao-nj/page/file/1224881/download How could they have joined this scheme? I think you're mistaken this scheme for another, maybe with a similar name.

They cannot stopped promoting a Ponzi scheme once they already received profit or commissions coming from their referrals, they need to keep going even blindly just to get the money coming in so their referrals and them selves can receive referrals commissions no way to go back for them even if they realize that they are promoting a Ponzi scheme.

This is where he spend the money he collected from their Ponzi scheme hiring or buying girls for pleasure, dirty money begets dirty money glad that he is caught, I bet he is hoping from one country to another to escape prosecution because he has a pending international warrant of arrest and he was eventually caught but from sex charges.