Trade Coin Club: DOJ case page lists Braga trial for March 2027
A rescheduled criminal trial sits alongside the earlier SEC allegations; the proceedings have different scopes.
- Cited claims
- 2
- Source records
- 2
- Edition revision
- 2
In this investigation
Updated trial schedule
The DOJ case page for Douver Braga, updated 28 September 2026, lists trial for 8 March 2027 after an earlier September 2026 date was continued. That future date is a schedule, not a finding of guilt. The criminal case and the SEC's November 2022 civil allegations should be tracked separately. Historical bitcoin valuations in the earlier release are not current prices.
The charging announcement
The SEC announced charges on 4 November 2022 concerning Trade Coin Club, which it said raised more than 82,000 bitcoin from over 100,000 investors worldwide. The announcement valued those bitcoin at $295 million at the time. The programme operated from 2016 through 2018 according to the complaint summary.
The technology pitch
Promoters allegedly claimed that a bot executed millions of microtransactions each second and would provide minimum daily returns of 0.35%. The SEC alleged that funds were instead diverted for personal benefit and promoter payments, while withdrawals came from investor deposits rather than cryptocurrency trading activity.
Keep the procedural distinctions
The announcement described allegations against several people and a separate proposed settlement with Jonathan Tetreault without admission or denial. It should not be rewritten as a finding that all defendants admitted fraud. The source is a dated account of the regulator's action and the representations it challenged, not a live statement of the entire case's present status.
Sources, dates and limits
Checked 23 October 2026. The DOJ schedule is provisional. The apparent year error in the case page's initial-appearance entry is not reproduced here. No criminal outcome is inferred from the older civil complaint.
Evidence & sources
- Filed allegation
The SEC's November 2022 complaint announcement alleged that Trade Coin Club withdrawals came from investor deposits rather than the advertised trading bot.
Supporting excerpt: SEC Charges Creator of Global Crypto Ponzi Scheme and Three US Promoters in Connection with $295 Million Fraud
investor withdrawals came entirely from deposits made by investors
SEC Charges Creator of Global Crypto Ponzi Scheme and Three US Promoters in Connection with $295 Million Fraud ↗ - Source reported
The DOJ case page for Douver Braga, updated 28 September 2026, lists trial for 8 March 2027 after an earlier September 2026 date was continued. That future date is a schedule, not a finding of guilt. The criminal case and the SEC's November 2022 civil allegations should be tracked separately. Historical bitcoin valuations in the earlier release are not current prices.
Supporting excerpt: Western District of Washington | United States vs. Douver Braga
March 8, 2027
Western District of Washington | United States vs. Douver Braga ↗
