Department Of Justice Extradites AirBit Club’s leadership from Panama

A leader of the alleged Ponzi scheme AirBit Club has extradited from Panama on November 25 by the United States Department of Justice and the Southern District of New York.

According to the announcement on November 30, AirBit Club, a purported cryptocurrency mining and trading company sold “memberships” that promised guaranteed returns. The six operators marketed their returns as being the product of the club’s mining operations and trading strategies. Per the DoJ, those operations didn’t exist. Instead, membership dues went to funding further marketing all around the world, including massive events to recruit new members and jet-set lifestyles for themselves.

Dos Santos was arrested on August 18, 2020, in Panama City, Panama, and will be presented later today before U.S. Magistrate Judge Katharine H. Parker.  Rodriguez, Hughes, Millan, and Aguilar were arrested in the US on August 18, 2020, and Chairez was arrested in the US on October 20, 2020.  The case has been assigned to U.S. District Judge George B. Daniels.

“As alleged, Gutemberg Dos Santos played a key role in an international investment scam that promised extraordinary rates of return on phantom investments in cryptocurrencies, defrauding victims of tens of millions of dollars.  Thanks to HSI, Dos Santos is now in U.S. custody.”  US Attorney Audrey Strauss said.

“In many instances, as early as 2016, Victims who attempted to withdraw money from the AirBit Club Online Portal and complained to a Promoter were met with excuses, delays, and hidden fees amounting to more than 50% of the Victim’s requested withdrawal, if they were able to make any withdrawal at all. In one instance, Aguilar told one Victim of the AirBit Club Scheme who was complaining about her inability to withdraw AirBit Club returns that she should “bring new blood” into the AirBit Club Scheme in order to receive her returns.” DOJ said.

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