The DOJ has requested Juan Carlos Reynoso’s contempt penalty be increased to $20,000 a day.
Reynoso, a key figure in the
collapsed OmegaPro Ponzi scheme
, was the recipient of a seizure warrant issued back in January.
The DOJ sought to recover 119.65 bitcoin from Reynoso. Within hours of being notified of the warrant, Reynoso transferred the bitcoin to another wallet.
This resulted in contempt proceedings, which saw Reynoso subject to a $10,000 a day fine from March 4th.
On September 26th, the DOJ filed an “informative motion” to brief the court on proceedings.
As of today, neither this Court nor the Court of Appeals has stayed the Court’s order of March 4.
From March 4 to (but not including) today, there are 206 days. This results in accrued fines of $2,060,000.
Upon being prompted by the court, on September 29th the DOJ sought to have Reynoso’s contempt penalty increased to $20,000 a day.
The Government proposes that the daily fine of $10,000 be doubled to $20,000 beginning October 6 in order to compel Respondent’s compliance with the Court’s order.
This increase is warranted in light of Respondent’s months-long failure to comply, despite the absence of a stay.
The court has given Reynoso till October 14th to respond to the DOJ’s motion.
Reynoso was
arrested on June 30th
and remains in custody pending trial. On September 30th, the DOJ filed a Joint Status Report on Reynoso and co-defendant Mike Sims.
The government has provided to each defendant two sets of initial discovery, containing approximately 263 gigabytes of
data and 1.5 million pages of records.
The government intends to produce additional discovery to each defendant in the next 21 days.
Owing to the amount of incriminating evidence against them, Reynoso and Sims have requested an additional 90 days to go over provided discovery.
On October 2nd the court granted the request, scheduling the next Status Conference for January 8th, 2026.
🤖 Quick Answer
What action has the DOJ taken regarding Juan Carlos Reynoso's contempt penalty?The U.S. Department of Justice has requested that Juan Carlos Reynoso's civil contempt fine be increased from $10,000 to $20,000 per day. Reynoso, a central figure in the collapsed OmegaPro Ponzi scheme, was held in contempt after transferring 119.65 bitcoin to another wallet within hours of receiving a seizure warrant issued in January.
Why was Juan Carlos Reynoso held in contempt of court?
Reynoso was held in contempt after deliberately transferring 119.65 bitcoin to a separate wallet shortly after being notified of a DOJ seizure warrant. The court imposed a $10,000 daily fine beginning March 4th. By September 26th, accrued fines had reached approximately $2,060,000 over
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