【Rashi Mein Sunny (2020) Prime Flix Complete Web Series】

Just because you're fraudulently raking in hundreds of millions of dollars doesn't mean you have Rashi Mein Sunny (2020) Prime Flix Complete Web Seriesto be such a jerkabout it.

It's clear no one passed this message along to the three men arrested today for their alleged part in a $722 million globe-spanning cryptocurrency Ponzi scheme. In a Dec. 10 press release from the Department of Justice, the men stand accused of a years-long effort to fool investors into believing they ran a bitcoin mining pool — all the while disparaging anyone stupid enough to believe their supposed lies.

Starting in 2014, Matthew Brent Goettsche and Jobadiah Sinclair Weeks, both of Colorado, along with Joseph Frank Abel of California, allegedly ran BitClub Network — a service that promised to take investors' money and put it toward mining cryptocurrency.

"You can buy into pools for $500, $1,000 or $2,000," explains the website. "Each contract lasts for 1,000 days, during which you’ll receive your share of the currency we mine."

"We are building this whole model on the backs of idiots."

The idea, at least on the face of it, was that investors would earn returns based on the bitcoin mined by BitClub Network.

That's not exactly how it worked out.

In reality, the DOJ insists BitClub Network was not putting investors' money toward mining equipment and was, instead, a huge scam.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

Around January of 2015, the indictment notes that Goettsche told an individual (whose name has been redacted) that the plan was "building this whole model on the backs of idiots" and to "prove the mining ... just means convincing the morons :)."

But wait, it gets worse. "In or around July 2014," the indictment continues, "as part of an online chat exchange, [redacted] told GOETTSCHE that BCN's target audience would be 'the typical dumb MLM investor.'"

A peppy video on the BitClub Network site was, apparently, meant to convince those very dumb investors that everything was above board.

"The more people you share BitClub with, the greater your earning potential," intones the cheery voiceover.

To knock this entire thing even further into the realm of seemingly obvious scam, according to the DOJ press release, Abel told investors that the entire operation was "too big to fail."

Unfortunately, not everyone noticed the giant red flags. Real people invested in the alleged scam, and millions were lost as a result.

Original image has been replaced. Credit: Mashable

Both Goettsche and Weeks are charged with conspiracy to commit wire fraud, and all three of the men are charged with conspiracy to offer and sell unregistered securities.

Two alleged co-conspirators have not been arrested, and are not named in the indictment.

SEE ALSO: Two Massholes arrested in SIM swapping for cryptocurrency scheme

"What they allegedly did amounts to little more than a modern, high-tech Ponzi scheme that defrauded victims of hundreds of millions of dollars," U.S. Attorney Carpenito is quoted as saying in the DOJ press release.

It looks like Goettsche might need to adjust his stated plan to "retire RAF!!! (rich as fuck)." If he's interested, we know of a few great investment opportunities.

Topics Bitcoin Cryptocurrency

• Deals
• Social Good
• Life
• Games
• Tech
• Entertainment
• Shopping
• Digital Culture

• Waymo data shows humans are terrible drivers compared to AI
• Ladies and gentlemen, the viral Twitter account of 'SNL' hosts introducing musical guests
• Toyota's bZ4X electric SUV has a solar roof and a wing
• 'Squid Game' cryptocurrency turns out to be a scam, creators run off with millions
• Episode 4: The Wave of the Future
• Killer Mike apologized after the NRA used his words to bash the March for Our Lives
• 'Antlers' isn't worth the wait — or your weekend
• Global antibiotic use is rising, spurring more antibiotic resistance
• SpaceX's Starlink satellite launch in pictures
• This random restaurant bot account is the best thing on Twitter

• CES 2025: AI
• Xiaomi builds GPU cluster, intensifies investment in AI models · TechNode
• Alibaba Cloud slashes price of LLM assess for third time since February 2024 · TechNode
• Black Myth Tmall flagship store launches ahead of Lunar New Year · TechNode
• Xiaomi’s EV business ramps up hiring in preparation for overseas sales · TechNode
• WeChat bans 209 accounts allegedly using AI to impersonate public figures · TechNode
• Didi launches overseas ride
• Black Myth: Wukong wins Best Action Game at TGA 2024, misses out on Game of the Year · TechNode
• Xiaohongshu rolls out AI
• Porsche China to cut jobs amid reorganization efforts · TechNode

• Music is the secret weapon of Mario Speedrunners
• Facebook Connect: Pay no attention to the scandal behind the curtain
• 10 best kitchen gadgets for #soupseason
• Tiffany Haddish says she witnessed an actress bite Beyoncé's face
• Bargaining For the Common Good
• Transgender couple speak out against offensive tabloid headline about their wedding
• Trump's social network has 30 days to comply with Mastodon's license... or else
• Meta teases Project Cambria VR headset and Nazaré AR glasses
• Best robot vacuum deal: Eufy Omni C20 robot vacuum and mop at record
• How to watch the most

• Character AI reveals AvatarFX, a new AI video generator
• The 'American Chopper' meme is perfect for when you have too many feelings
• Top 20 worst Halloween candies we need to stop giving out
• At long last, 'copypasta' and 'air fryer' have been added to the dictionary
• Seven Steam games whose reviews have changed a lot
• This is what happens when you make an owl your ring bearer
• Bumble is campaigning to make cyberflashing illegal in England and Wales
• Dad creates impressive drive
• Amazon requires sellers to use more efficient packaging, or pay up
• ‘Paranormal Activity: Next of Kin’ suggests found footage horror is ready for a dirt nap