BitClub Network founders to be sentenced on March 2023

BitClub Network Ponzi scammers Jobadiah Weeks, Silviu Balaci and Joe Abel are scheduled to be sentenced in March 2023.

Matthew Brent Goettsche, 37, of Lafayette, Colorado, and Jobadiah Sinclair Weeks, 38, of Arvada, Colorado, are charged by indictment with conspiracy to commit wire fraud and Goettsche (sealed), Weeks, and Joseph Frank Abel, 49, of Camarillo, California, are charged by indictment with conspiracy to offer and sell unregistered securities.

The trio’s respective sentencing dates were rescheduled via an August 12th 2022 order:

  • Jobadiah Sinclair Weeks will be sentenced on March 14th, 2023
  • Silviu Catalin Balaci will be sentenced on March 16th, 2023 and
  • Joseph Frank Abel will be sentenced on March 21st, 2023

It’s expected, but not guaranteed, that all three will spend time in prison.

BitClub Network defendant Matt Goettsche is, for now, fighting the criminal charges against him. His case has been continued till October 2022.

Defendant Russ Medlin is imprisoned in Indonesia on child sex crimes. According to Indonesian reports, Medlin was arrested ‘in the Kebayoran Baru area, South Jakarta’.

 Red Alert Russ Medlin

In related news, Weeks applied to have his home detention changed to curfew on August 8th. Weeks initially thought he could pull a fast one while subject to detention. As per PreTrial Services’ assessment above, Weeks seems to have accepted his fate and settled down.

Weeks’ motion for a change to curfew was granted on August 15th.

This material is for informational purposes only and is not intended to provide legal, tax, financial, or investment advice. Recipients should consult their own advisors before making these types of decisions. Artefaktum  has no responsibility or liability for any decision made or any other acts or omissions in connection with Reader’s use of this material.

Artefaktum does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in this report and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.


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Ian Watt 
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