BitClub Network Ponzi promoter Joby Weeks has been denied permission to withdraw his guilty plea. Again.
Weeks
pled guilty to conspiring to offer and sell unregistered securities and tax evasion
in November 2020.
Among other demands, Weeks (right) moved to withdraw his guilty plea in a serious of frivolous motions filed since February 2025.
The court
denied twenty-four of Weeks’ motions
last November, among them Weeks’ request to withdraw his guilty plea.
In response, Weeks requested the Court reconsider its order.
As noted by the court in its February 4th reconsideration order;
Since the hearing on February 5, 2025, Defendant has submitted twenty-one motions before this Court, in addition to several motions to modify the conditions of his release.
Defendant has also filed over a dozen letters and supplemental submissions.
The Court notes that several of Defendant’s motions are repetitive and/or seek to amend or supplement prior submissions.
Nonetheless, the Court has reviewed all of Defendant’s submissions.
In its twenty-four page order, the court systematically dismantled Weeks’ arguments for withdrawal. The court’s reasoning contrasted Weeks’ assertions and representations with reality.
Defendant must make a credible showing of innocence supported by a factual record.
Defendant appears to make five arguments in support of his innocence:
(1) he is not guilty of trading unregistered securities because Bitcoin and Bitcoin mining equipment are not securities, and shares purchased with Bitcoin are not securities;
(2) Defendant did not have notice that the charged activities were securities transactions;
(3) Defendant is not aware of any victims of his conduct;
(4) BCN is a private membership association, not a company, and so the Government has no authority over it; and
(5) Defendant was living abroad at the time of alleged tax evasion, and so he was not required to pay taxes.
First, Defendant argues that he is not guilty of conspiring to trade unregistered securities because “computer equipment” and “Bitcoin” are not securities.
However, Defendant is not charged with conspiring to trade computer equipment or Bitcoin; he is charged with, and pleaded guilty to, conspiring to promote and sell shares in BCN mining pools.
BCN shares are securities as defined by [the Howey Test]. Courts have found that investments in Bitcoin-mining programs are securities under the Howey test. This court agrees.
Second, Defendant contends that he had no “clear advance notice” that his conduct was illegal, because Count Two of the Indictment was “based on interpretations of federal securities law that did not exist at the time of the alleged conduct.”
First, as discussed in detail above, Defendant was not indicted based on a novel theory of securities law; he was charged with conspiring to offer and sell unregistered shares of BCN, which are securities.
Moreover, Defendant’s sworn testimony shows that he knew he was violating the law at the tim
🤖 Quick Answer
Was Joby Weeks allowed to withdraw his guilty plea in the BitClub Network case?No. Joby Weeks, who pleaded guilty in November 2020 to conspiring to offer and sell unregistered securities and tax evasion in connection with the BitClub Network Ponzi scheme, was denied permission to withdraw his guilty plea. The court rejected his request and subsequently denied his motion for reconsideration in February 2025.
What charges did Joby Weeks plead guilty to?
Joby Weeks pleaded guilty to two charges: conspiring to offer and sell unregistered securities and tax evasion. These charges stemmed from his role as a promoter of BitClub Network, a cryptocurrency-related Ponzi scheme that defrauded investors through false promises of mining pool returns.
**How many motions did Joby Weeks file in the Bit
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