The New York Southern District Court has rescheduled the sentencing of Ponzi scammer Renwick Haddow once again.
The new date for his sentencing is November 1, 2024.
The rescheduling reflects a request by the US Government which requested a six-month adjournment of the sentencing control date for defendant Renwick Haddow, who pleaded guilty pursuant to a cooperation agreement.
On December 1, 2022, the Government announced the unsealing of an Indictment charging two additional co-conspirators, James Robinson and David Kennedy. These co-conspirators were arrested in Spain, and after contesting extradition, have now both been extradited to the United States.
Kennedy has pleaded guilty and is scheduled to be sentenced on April 29, 2024. Robinson has pleaded not guilty and his case is pending.
The Government’s investigation remains ongoing, including through the above-captioned prosecution as well as the Government’s continuing efforts to recover funds for victims domestically and in foreign jurisdictions.
The Government added:
“The defendant’s active cooperation with respect to the criminal prosecution and asset recovery is expected to continue for the next six months, but will not be indefinite”.
Renwick Haddow pleaded guilty on May 23, 2019, to one count each of wire fraud and wire fraud conspiracy relating to the Bar Works scheme, and one count each of wire fraud and wire fraud conspiracy relating to the Bitcoin Store scheme – a separate investment scheme involving Bitcoins.
Haddow was charged by Complaint in June 2017 for engaging in schemes to defraud victims by making material misrepresentations and misappropriating investment funds in Bitcoin Store and Bar Works Inc, as well as related entities he controlled.
From November 2014 through June 2017, Haddow solicited investments in start-up companies he created and controlled, including Bitcoin Store – a purported online platform for purchasing, selling, and storing the digital currency known as “Bitcoin” – and Bar Works, which purports to be a company that adapts former restaurants, bar premises, and other locations into co-working spaces. When doing so, Haddow made material misrepresentations about, among other things, the management, operations, and historical performance of those companies.
In July 2017, Haddow was arrested in Morocco on the basis of a provisional arrest warrant for participating in these schemes.
