DOJ drops BitClub case

DOJ plans to dismiss charges against BitClub founder Matthew Goettsche with prejudice, ending a $722M fraud case. July 8, 2026, agreement reached.

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DOJ TO DROP $722M BITCLUB NETWORK CRYPTO FRAUD CASE AFTER LOBBYING BY TRUMP-LINKED LAWYERS The US Department of Justice plans to dismiss with prejudice its 2019 criminal case against Matthew Goettsche, the alleged mastermind behind the $722 million BitClub Network crypto mining scheme, after lobbying by attorneys with ties to President Trump. Goettsche, who was scheduled to stand trial in October on wire fraud and unregistered securities charges, allegedly operated BitClub Network as a global crypto Ponzi scheme that rewarded investors for recruiting new members while falsely claiming their funds were generating Bitcoin mining profits. Prosecutors also cited private messages in which Goettsche allegedly called investors "dumb" and "sheep." According to the report, Goettsche assembled a legal team that included Trump allies Bradford Cohen and Brett Tolman, who pushed the DOJ to abandon the prosecution. DOJ spokesperson Emily Covington denied political influence, saying the department routinely reviews long-running cases and that the decision had "nothing to do with any alleged pressure" from the defense. The case had been pending for nearly seven years and was approaching trial. Three co-defendants previously pleaded guilty. The reported dismissal comes as the Trump administration has narrowed its focus on cryptocurrency enforcement while pursuing recovery of funds for alleged victims through other means.

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DOJ drops BitClub fraud case: Charges against founder in $722M Ponzi allegedly abandoned.

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🇺🇸 The U.S. Department of Justice is reportedly preparing to drop charges against Matthew Goettsche, the alleged mastermind behind the $722 million BitClub Network crypto Ponzi scheme. The case dates back to a 2019 indictment, but Bloomberg reports the DOJ has ordered prosecutors to dismiss it with prejudice, though final terms are still being finalized. Three of Goettsche's co-defendants have already pleaded guilty, while reports say lawyers with ties to President Trump helped lobby the DOJ to end the case.

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Trump DOJ is reportedly dropping charges against Matthew Goettsche, the alleged mastermind behind the $722M BitClub Network crypto Ponzi scheme. 🚨 Prosecutors said BitClub sold fake Bitcoin mining investments and scammed investors out of $722 million. Three co-defendants already pleaded guilty. Now Bloomberg reports the DOJ has ordered the case dismissed with prejudice, meaning the charges can't be brought back. 2026 keeps getting crazier.

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⚡️UPDATE: DOJ says it is dropping BitClub charges after seven years to focus on recovering money for victims, denying that pressure from Goettsche's attorneys influenced the decision. Three co-defendants have already pleaded guilty. Final terms are still being negotiated.