Dismantle fraudulent investment network with Bitcoins

Renwick Haddow, an alleged UK-based investment broker based in New York, managed to mount a fraudulent scheme that attracted investors interested in participating in the bitcoins trade or in a network of nightclubs and other establishments allegedly under its Control, however dissimilar the areas.
Haddow did not register the firms Bitcoin Store Inc and Bar Works Inc., according to the information provided by an investigation by the Securities and Exchange Commission (SEC), which created a scheme for Attract potential investors through phone calls.

But in addition to the flaws in the area of ​​regulation, the subject deceived those he managed to hide by hiding a past with a dark background in his country of origin. Likewise, I provided promotional materials with false or invented information about the members of the firms that I directed and the true nature of this entity.

In a short time, Haddow was able to divert 80% of what was collected, sending $ 4 million dollars to accounts in the Mauritius islands, a recognized tax haven, and an additional million to Morocco.
It only managed to raise resources in the order of $ 250,000 dollars throughout the year 2015 by means of bank transfers.

The SEC, and the rest of the agencies that regulate the finances in the United States, have not issued concrete legislation with respect to the investment in virtual assets or criptomonedas; But given the boom in blockchain technology and its implications for the global economy and other social sectors, there is a growing expectation about the need to establish definitions and a clear regulatory framework in this regard.