NY Court orders Ponzi scammer Renwick Haddow to pay $58M in restitution
On July 23, 2026, Judge Laura Taylor Swain of the New York Southern District Court signed an order of restitution as to Renwick Haddow.
The Court ordered Haddow to pay restitution in the total amount of $58,200,987.44 to the victims of the offenses charged in Counts 1 through 4.
Defendant’s liability for restitution will be joint and several with that of any other defendant ordered to make restitution for the offenses in this matter, up to $58,200,987.44, including James Moore, Savraj Gata-Aura, James Robinson, and David Kennedy.
Defendant’s liability for restitution must continue unabated until either the defendant has paid the full amount of restitution, or every victim has been paid the total amount of their loss from all the restitution paid by the Defendant and co-defendants in this matter, up to $58,200,987.44.
In the event that additional victims are identified following the entry of the Restitution Order, the Government reserves the right to seek an amended judgment to add additional victims without modifying the total amount of restitution as to which this defendant is liable.
Renwick Haddow pleaded guilty on May 23, 2019, to one count each of wire fraud and wire fraud conspiracy relating to the Bar Works scheme, and one count each of wire fraud and wire fraud conspiracy relating to the Bitcoin Store scheme – a separate investment scheme involving Bitcoins.
Haddow was charged by Complaint in June 2017 for engaging in schemes to defraud victims by making material misrepresentations and misappropriating investment funds in Bitcoin Store and Bar Works Inc, as well as related entities he controlled.
From November 2014 through June 2017, Haddow solicited investments in start-up companies he created and controlled, including Bitcoin Store – a purported online platform for purchasing, selling, and storing the digital currency known as “Bitcoin” – and Bar Works, which purports to be a company that adapts former restaurants, bar premises, and other locations into co-working spaces. When doing so, Haddow made material misrepresentations about, among other things, the management, operations, and historical performance of those companies.
In July 2017, Haddow was arrested in Morocco on the basis of a provisional arrest warrant for participating in these schemes.
