RATE Group | US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties
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US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties

09 Dec US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties

Posted at 16:10h in Bitcoin News by

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The United States Securities and Exchange Commission (SEC) has filed to reopen a case against Bitcoin (BTC) fraudster Renwick Haddow as he has not resolved the regulator’s claims for monetary relief against him.

On Dec. 6, The agency submitted a letter to Judge Lorna G. Schofield of the New York Southern District Court requesting to reopen the case against Haddow. Last year, the SEC accused Haddow of defrauding Bitcoin investors out of over $37 million. The court found him guilty in June of 2019.

Claims against Haddow

In the letter, the SEC notes that the court gave a partial consent judgment on Haddow on Sept. 10, 2019, after which Judge Schofield closed the case on Dec. 5.

The SEC states that the consent judgment and case closure left its claims for monetary penalties unsettled. The SEC expects to either reach an agreement on monetary relief or move to seek monetary relief should the court reopen the case. 

As Cointelegraph previously reported, Haddow was extradited from Morocco…

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