FILE-A Bitcoin logo is displayed at a cryptocurrency bureau in Madrid, Spain, on Saturday, June 20, 2026. (Andrey Rudakov/Bloomberg via Getty Images)
The Department of Justice is planning to drop charges against a Colorado man accused of running a cryptocurrency fraud that allegedly netted him $722 million.
Matthew Goettsche and several others were indicted in 2019 over claims he defrauded investors with his crypto mining firm, BitClub Network. He rewarded investors for recruiting new members, prosecutors said, the classic structure of a Ponzi scheme.
In a sharp reversal, the deputy attorney general’s office in Washington ordered the New Jersey U.S. attorney’s office to dismiss the case with prejudice, two people familiar…
