The U.S. Department of Justice plans to drop charges against BitClub Network founder Matthew Goettsche

According to Bloomberg, the U.S. Department of Justice plans to dismiss charges against BitClub Network founder Matthew Goettsche, who was accused of orchestrating a $722 million crypto scam. The case was originally scheduled for trial in October, and Matthew Goettsche’s legal team informed the judge on July 8 that both parties had reached an agreement in principle. The prosecution, which began in 2019, has been delayed for seven years, and three co-defendants have already pleaded guilty. Matthew Goettsche assembled a legal team with ties to the Trump administration for lobbying efforts, including Bradford Cohen and Brett Tolman.