By Chris Lang When the UK’s Financial Conduct Authority took Capital Alternatives and several other companies to the High Court in 2013, Renwick Haddow and the other people behind the scams did not stop scamming. Instead, they moved their operations to Dubai.
On 7 June 2019, James Moore was found guilty of wire fraud and conspiracy for his role in the Bar Works investment scam. Moore was convicted after a one-week trial before the U.S. District Judge Richard M. Berman.
On 23 May 2019, the US Attorney’s Office for the Southern District of New York put out a press release about the case against Renwick Haddow and others involved in the Bar Works scam. The press release includes the following statement:
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.
Last year, REDD-Monitor wrote a series of posts about Renwick Haddow’s latest scam, Bar Works. The most recent post was in July 2017, after the Securities and Exchange Commission filed a legal complaint against Haddow. The complaint alleged that Haddow fraudulently raised almost US$38 million from investors.