The U.S. Department of Justice plans to drop charges against the founder of BitClub for allegedly participating in a $722 million cryptocurrency scam.

PANewsJul 11, 2026
According to Bloomberg, the U.S. Department of Justice plans to drop charges against Matthew Goettsche, founder of BitClub Network. Goettsche was accused of operating a cryptocurrency Ponzi scheme involving $722 million and was scheduled to stand trial in October.

Goettsche’s legal team notified the judge on July 8 that both sides had reached a “framework agreement” to resolve the pending charges. The case has dragged on for seven years since the 2019 indictment, and three co-defendants have already pleaded guilty. Goettsche assembled a legal team with ties to the Trump administration to lobby for the dismissal, including Florida attorney Bradford Cohen—who previously appeared on *The Apprentice*—and Brett Tolman, who has helped clients secure presidential pardons from Donald Trump.

[PANews]

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The U.S. Department of Justice plans to drop charges against the founder of BitClub for allegedly participating in a $722 million cryptocurrency scam.

PANewsJul 11, 2026
According to Bloomberg, the U.S. Department of Justice plans to drop charges against Matthew Goettsche, founder of BitClub Network. Goettsche was accused of operating a cryptocurrency Ponzi scheme involving $722 million and was scheduled to stand trial in October.

Goettsche’s legal team notified the judge on July 8 that both sides had reached a “framework agreement” to resolve the pending charges. The case has dragged on for seven years since the 2019 indictment, and three co-defendants have already pleaded guilty. Goettsche assembled a legal team with ties to the Trump administration to lobby for the dismissal, including Florida attorney Bradford Cohen—who previously appeared on *The Apprentice*—and Brett Tolman, who has helped clients secure presidential pardons from Donald Trump.

[PANews]

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