Russ Albert Medlin, who manages the BitClub Network fraud, which is claimed to have made more than $ 722 million profits from tens of thousands of people worldwide, was caught in Indonesia.

Indonesian police caught US citizen Russ Albert Medlin, the owner of BitClub Network (BCN), known as the major crypto money fraud, in capital city Jakarta. The operation began with a clue to a child abuse incident allegedly involving Medlin.

According to information obtained from the Jakarta Cybercrime Directorate, Medlin was caught in the region called Kebayoran Baru in South Jakarta on Sunday. On the same day, the police first caught and detained two women who were deemed underage after leaving the office of Medlin. The women questioned said they were part of the child prostitution chain, while Medlin was also among regular customers.

While Jakarta police accused Medlin of sexual harassment against minors, it was stated that Medlin could face up to 15 years in prison. However, Medlin’s previous criminal record of child abuse and other illegal affairs may further increase this punishment.

It is stated that Interpol also listed Medlin for the crimes of child abuse in 2006 and 2008. In the second of the accusations at that time, Medlin was sentenced to 2 years in prison for possession of rape and child pornography for a 14-year-old girl.

BitClub Network, fraud, Medlin and FBI

BCN was first introduced as a legitimate Bitcoin mining company. While the investment was demanded from the users, a share of the income from the BCN mining pool was offered in return. Members were told that they could earn more income through references or sponsorships.

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What made BCN attractive was the company’s survival from 2014 to 2019. However, the participants never got a share from the block rewards of mining operations. On the contrary, small payments were received from members. Those who want to take their share from the awards were asked to make large payments.

Although BCN explained that there was no one behind the company, it was entirely run by entrepreneurs, professionals and tech lovers, many news and reports indicated that Medln was behind the entire project. In a Youtube video, Medlin even commented, “Everyone is my man.”

Besides the Medlin, the FBI accused Matthew Brent Goettsche, Jobadiah Sinclair Weeks, Joseph Frank Abel, and Silviu Catalin Balaci for participating in this chain of fraud. According to a press release in December 2019; The US Department of Justice accused them of being a member of the organized fraud organization BitClub Network.

Selling ‘BCN shares’, an unregistered security, was also included in the charges.

Since there is no criminal return agreement between the USA and Indonesia, it is also a question of what Medlin will say about the crimes in his country and what policy the two countries will follow.


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