The US Government has asked the New York Southern District Court to adjourn the sentencing of Renwick Haddow.

The Government requests that the defendant’s sentencing currently scheduled for April 23, 2025 be adjourned for approximately 90 days to facilitate the defendant’s ongoing cooperation in the Government’s efforts to forfeit and recover assets in foreign jurisdictions.

Specifically, Haddow continues to attempt to voluntarily liquidate or otherwise transfer real property or other assets in foreign jurisdictions, including Morocco and the Bahamas, among others.

The Government admits the need for an expedient resolution of this matter. However, the defendant’s facilitation of this complex asset recovery process with domestic and foreign counsel—and the potential recoveries of several million dollars’ of assets toward forfeiture and restitution for the victims—would be more difficult and time consuming if the defendant were to be sentenced to a prison term at this particular time.

Accordingly, the Government requested all corresponding sentencing submission and Presentence Report deadlines to be adjourned by approximately 90 days.

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.