The involved amount is $722 million, and the U.S. Department of Justice plans to drop charges against BitClub founder Matthew Goettsche.

OdailyJul 11, 2026
BRETT+1.72%
The U.S. Department of Justice plans to drop charges against BitClub Network founder Matthew Goettsche. Goettsche was accused of operating a cryptocurrency Ponzi scheme involving $722 million and was scheduled to go to trial in October. Goettsche's legal team notified the judge on July 8 that both sides had reached an "agreement in principle" to resolve the outstanding charges.

The case has been ongoing for seven years since 2019, and three co-defendants have already pleaded guilty.

Goettsche assembled a legal team with ties to the Trump administration for lobbying, including Florida attorney Bradford Cohen, who appeared on "The Apprentice," and $Brett Tolman, who has helped clients obtain presidential pardons.

[Odaily]

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The involved amount is $722 million, and the U.S. Department of Justice plans to drop charges against BitClub founder Matthew Goettsche.

OdailyJul 11, 2026
BRETT+1.72%
The U.S. Department of Justice plans to drop charges against BitClub Network founder Matthew Goettsche. Goettsche was accused of operating a cryptocurrency Ponzi scheme involving $722 million and was scheduled to go to trial in October. Goettsche's legal team notified the judge on July 8 that both sides had reached an "agreement in principle" to resolve the outstanding charges.

The case has been ongoing for seven years since 2019, and three co-defendants have already pleaded guilty.

Goettsche assembled a legal team with ties to the Trump administration for lobbying, including Florida attorney Bradford Cohen, who appeared on "The Apprentice," and Brett Tolman, who has helped clients obtain presidential pardons.

[Odaily]

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