Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme

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Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme
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Gordon Beckstead, a certified public accountant, has pleaded guilty to helping the BitClub Ponzi scheme evade taxes on Thursday. cheyenneligon reports

Beckstead, who was also an investor in BitClub, said he controlled bank accounts associated with the scheme and its alleged “creator and operator,"The Nevada man, who is a

, also admitted to helping at least two outside tax preparers to create false tax returns for Goettsche in 2017 and 2018. The returns didn't include over $60 million in income Goettsche received through his role in BitClub.issued by the Department of Justice on Thursday, Beckstead’s tax hijinks shorted the government of $20 million federal income taxes.

Beckstead pleaded guilty to one count of conspiracy to commit money laundering and one count of aiding in the preparation of a false tax return. He faces up to 23 years in prison, as well as a fine.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

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