Sentencing of Ponzi scammer Renwick Haddow gets postponed again
There seems to be no imminent end in store for the criminal proceedings against Ponzi scammer Renwick Haddow. This is indicated by the latest entry in his case that is currently proceeding at the New York Southern District Court.
On October 19, 2020, Judge Laura Taylor Swain granted a request by the US Government to set a new control date for the sentencing of Haddow. The date has been set for January 22, 2021, that is, about three months from now. As FX News Group has reported, the US authorities had requested the rescheduling because the co-operation of Haddow continues.
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.