The unsealing of the BitClub Community case docket confirms that, as of December twentieth, co-founder Russ Medlin continues to be on the run from authorities.
We first realized of the DOJ’s $722 million greenback Ponzi fraud case in opposition to BitClub Community on December eleventh.
On the time three defendants have been named, Matthew Goettsche, Jobadiah Weeks and Joseph Abel.
Two different defendants remained underneath seal. It was believed they’re BitClub Community co-founder Russ Medlin and programmer Silviu Catalin Balaci.
Balaci (proper) has since been confirmed because the fourth named defendant. He’s believed to have been arrested in Germany someday between December eleventh and the fifteenth.
As per Balaci’s LinkedIn profile, he runs EvoBits Info Expertise SRL and is the CTO of Bitchain GmBH.
Balaci is believed to be a Romanian nationwide however as per his LinkedIn profile is predicated out of Frankfurt, Germany.
It’s price noting that EvoBits is predicated out of Romania, so it appears Balaci spent his time between each Romania and Germany.
BitClub Community is conspicuously absent on Balaci’s resume. Since his arrest, Balaci’s private web site has been pulled offline.
Final we heard Russ Medlin hoped to get his Crypto Societi Ponzi reboot off the bottom.
On December twentieth the New Jersey District Court docket unsealed the case in opposition to BitClub Community and its operators.
As per the order to unseal, the unique arrest warrants and unredacted indictment are to stay underneath seal till “Defendant Two’s” arrest.
Defendant Two is strongly believed to be Russ Medlin.
As on the time of publication, a redacted copy of the indictment, naming Balaci however redacting Medlin, was made public on December twentieth.
The unique arrest warrants and unredacted indictment stay underneath seal, confirming Medlin continues to be on the run.
On December fifteenth, the Each day Beast outed Medlin as a “convicted intercourse offender for little one pornography and sexual assault of a minor underneath 14”.
Crypto Societi is presently being promoted throughout Africa. Russ Medlin’s present standing and whereabouts are unknown.
Replace sixteenth June 2020 – BitClub Community’s Russ Medlin has been arrested in Indonesia.