Three suspects in BitClub mining pool arrested by U.S. authorities for alleged fraud

U.S. authorities on Tuesday arrested three people associated with the BitClub network who allegedly successfully defrauded investors of up to $ 722 million through a mining pool Ponzi scheme. The three were Matthew Brent Goettsche, Jobadiah Sinclair Weeks and Joseph Frank Abel, who were accused of conspiracy to commit wire fraud and conspiracy to provide unregistered securities through participation in the mining pool BitClub. Two other unknown defendants are still at large.