===== Bitclub Network =====

Bitclub Network was a fraudulent cryptocurrency mining scheme worth at least $722 million which operated between April 2014 and December 2019.

The scheme took money from investors in return for shares in cryptocurrency mining pools and rewarded recruitment.

=== People Involved ===
  * [[masilomokone|Masilo Mokone a.k.a Mr Smile]]
  * Matthew Brent Goettsche
  * Russ Albert Medlin
  * Jobadiah Sinclair Weeks
  * Joseph Frank Abel
  * Silviu Catalin Balaci(([[https://www.justice.gov/usao-nj/bitclub|Justice.gov]]))

=== In the News ===
  * BitClub Network Was "Too Big to Fail," but Cost Investors $722 Million - [[https://www.westword.com/news/bitclub-network-was-too-big-to-fail-but-cost-investors-722-million-11642618|Westword]]
  * Bitclub Network Refund Page - [[https://m.facebook.com/pages/category/Community-Service/bitclubnetworkrefund/posts/|Facebook]]
  * Programmer admits to helping create cryptocurrency scam BitClub Network - [[https://financefeeds.com/programmer-admits-helping-create-cryptocurrency-scam-bitclub-network/| Finance Feeds]]