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Renwick Haddow appears in court in New York

Renwick Haddow, the man behind the Capital Alternatives network of scam companies, a an alleged Bitcoin fraud and the Bar Works investment scam, has been extradited to the USA. He appeared in a Manhattan District Court on 13 April 2018.

Haddow has been charged with two counts of wire fraud, for Bitcoin Store and Bar Works:

Each charge carries a maximum sentence of 20 years in prison.

According to Law360, when Haddow appeared in Manhattan District Court he was suntanned and wore a black hoodie, jeans, and Nike trainers set off by leg irons.

In July 2017, Haddow was arrested in Tangiers, Morocco.

In January 2018, the New York Southern District Court signed final judgments against three of Haddow’s companies, demanding payments totalling US$83.35 million.

In March 2018, the High Court in London ordered Capital Alternatives, Renwick Haddow and others to repay £16.9 million to investors. The High Court ruled that the “investments” were illegal collective investment schemes.

Here is the press release issued by the US Department of Justice last week:

Department of Justice
U.S. Attorney’s Office
Southern District of New York

Friday, April 13, 2018

British Citizen Extradited From Morocco For Defrauding Investors Of More Than $36 Million

Renwick Haddow misappropriated investor funds and made false and misleading representations to investors in Bitcoin Store, Inc., Bar Works Inc., and related entities he controlled

Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced that RENWICK HADDOW has been extradited to the United States from Morocco and is expected to appear in the United States District Court for the Southern District of New York today. HADDOW was charged by Complaint in June 2017 for engaging in schemes to defraud victims by making material misrepresentations and misappropriating investment funds in companies created by HADDOW called Bitcoin Store Inc. (“Bitcoin Store”) and Bar Works Inc. (“Bar Works”), as well as related entities HADDOW controlled. In July 2017, HADDOW was arrested in Morocco on the basis of a provisional arrest warrant for participating in these schemes.

According to the allegations in the Complaint[1]:

RENWICK HADDOW is a citizen of the United Kingdom. From November 2014 through June 2017, HADDOW solicited investments in start-up companies he created and controlled, including Bitcoin Store — a purported online platform for purchasing, selling, and storing the digital currency known as “Bitcoin” — and Bar Works, which purports to be a company that adapts former restaurants, bar premises, and other locations into co-working spaces. When doing so, HADDOW made material misrepresentations about, among other things, the management, operations, and historical performance of those companies.

For example, HADDOW concealed his interest in Bitcoin Store and fabricated the purported “experienced team of leading investment professionals” working at the company. In connection with Bar Works, HADDOW adopted the alias “Jonathan Black” to further hide his role in the schemes. HADDOW claimed that “Jonathan Black” had an extensive background in finance and had a role in setting up “Car Share,” a car-sharing app.

HADDOW solicited investments through agent brokers and through his control of InCrowd Equity Inc. (“InCrowd”), which represented itself as a type of crowdfunding portal through which investors could purchase shares of start-ups supposedly vetted by InCrowd. HADDOW did so without disclosing to investors that he had an ownership interest in both InCrowd, on the one hand, and Bitcoin Store and Bar Works, on the other. HADDOW also misappropriated without permission funds purportedly invested in Bitcoin Store and Bar Works for his own use and the use of others.

* * *

RENWICK HADDOW, 49, has been charged with two counts of wire fraud — one relating to the Bitcoin Store scheme and the other relating to the Bar Works scheme. Each charge carries a maximum sentence of 20 years in prison.

Mr. Berman praised the investigative work of the FBI and thanked the Securities and Exchange Commission, which has brought civil actions against the defendant, for its assistance. Mr. Berman also thanked Moroccan Ministry of Justice, the General Directorate of National Security of Morocco, the U.K. Financial Conduct Authority, the United States Marshals Service, and the Department of Justice’s Office of International Affairs, and noted that the investigation is continuing.

This case is being handled by the Office’s Securities and Commodities Fraud Task Force. Assistant U.S. Attorneys Vladislav Vainberg, Justin V. Rodriguez, Brooke E. Cucinella, and Martin Bell are in charge of the prosecution.

[1] As the introductory phrase signifies, the entirety of the text of the Complaint and the description of the Complaint set forth herein constitute only allegations, and every fact described should be treated as an allegation.


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  1. Now what is the next step ? Did he revealed about the total amount of money. And how SEC will distribute the funds ?

  2. Please keep us informed of all developments, are we likely to get any of our money back

  3. Yes….And others are now under arrest here in Britain or being hounded for rare earth metal / carbon credit binaries option and other scams.
    Several villians are serving long term sentences .
    Four REM scamsters are presenly serving a total 29 years behind bars
    And more are on the way.
    I appreciate all that you are doing in the interest of humanity
    Anthony D

  4. I was once scammed by a company called rothstein capital &partners i know they have stopped trading but that is all, does any one know what has happened to these scammers ?