Morocco extradited to the USA Renwick Haddow, a British citizen accused of fraud related to Bitcoin, the US department of Justice (DOJ) said. The British citizen is accused of defrauding investors of More than $36 Million, the DOJ said in a statement. The DoJ complaint alleges Haddow, 49, “misappropriated investor funds” and “made false and misleading representations” to investors in Bitcoin Store, Bar Works, and related schemes, from Nov. 2014 through June 2017. He has been charged with two counts of wire fraud – for Bitcoin Store and Bar Works respectively – with each carrying a maximum sentence of 20 years in prison. Haddow was taken into police custody in Tangiers last July after Interpol issued a warrant for his arrest.

Source: The North Africa Journal April 16, 2018 23:13 UTC