NY Court grants another “final” continuance in case against Ponzi scammer Renwick Haddow

Sourced from: https://financefeeds.com/ny-court-grants-another-final-continuance-case-ponzi-scammer-renwick-haddow/

For example, Haddow concealed his fascination with Bitcoin Store and fabricated the supposed”experienced group of top investment pros” working in the company. In connection with Bar Works, Haddow embraced the alias”Jonathan Black” to hide his role in the strategies. He claimed that”Jonathan Black” had an extensive background in finance and needed a role in setting up”Car Share,” a car-sharing program.
In June 2017, the charges against Renwick Haddow were unsealed. The criminal complaint charges him with two counts of wire fraud — a relating to this Bitcoin Store scheme and the other about the Tavern Works scheme. Each charge carries a maximum penalty of 20 years in prison.
The post NY Court grants another”final” continuance in case from Ponzi scammer Renwick Haddow appeared first on FinanceFeeds.
Haddow solicited investments throughout his management of InCrowd Equity Inc., which represented itself as a sort of crowdfunding portal through which investors may buy stocks of start-ups supposedly assessed by InCrowd. He did so without disclosing to investors that he had an ownership interest in both InCrowd, on the one hand, and Bitcoin Store and Bar Works, about the other. Haddow additionally misappropriated without permission funds purportedly invested in Bitcoin Store and Bar Works for his own use and also the use of other people.

FinanceFeeds –
Beneath the allegations, Haddow, who is a citizen of the United Kingdom, from November 2014 through June 2017, solicited investments at startup companies he created and regulated, such as Bitcoin Store — a supposed online platform for purchasing, sale, and storing the digital currency known as”Bitcoin”–and Bar Works, that seems to be a business that adapts former restaurants, pub assumptions, and other places into co-working spaces. When doing so, Haddow made material misrepresentations about the direction, operations, and historic performance of these businesses.
There has been another continuance in the event taken by the US government against Ponzi scammer Renwick Haddow, although once the prior such adjournment has been asked , the delay had been likely to be closing. And once again, before this week, Martin S. Bell, an Assistant United States Attorney in the Office of Geoffrey S. Berman, United States Attorney for the Southern District of New York, filed confirmation in support of an application for the order of continuance of their time in which an indictment or information will otherwise have to be filed in the event of

Therefore, the situation is continued till April 12, 2019. The petition is supposed to be the final one in this instance.

Counsel for the defendant and the government are engaged in discussions concerning a potential disposition of this situation, and hope to fix it soon. The negotiations have never been done and the plan is to continue these talks.