The co-founder of a Ponzi scheme with Bitcoin was arrested by Jakarta police on sexual assault charges


Russ Albert Medlin, co-founder of the alleged Ponzi scheme of crypto-money, BitClub, was arrested in South Jakarta on charges of child sexual assault.

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The local news media, Jakarta Globe, reported on June 16 that local police had arrested Medlin on Monday. Jakarta police chief Yusri Yunus explained that police received „complaints from the public that female minors were often seen“ at the detainee’s residence. When inspecting the residence, police saw three teenagers leave their home:

„The officers intercepted and questioned the three female minors, aged 15-17, admitting that the owner of the house had hired them to have sex with him.

The Child Protection Act introduced in the country in 2014, punishes adults who engage in sexual acts with children with a sentence of up to 15 years in prison.

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Medlin was convicted of sexual abuse
Medlin was also reportedly sentenced to two years in prison for similar offences on two occasions, once in 2006 and once in 2008, both times by the District Court of the State of Nevada, after sexually abusing a 14-year-old girl and keeping images of the event.

In late December 2019, U.S. authorities arrested three men accused of participating in Bitcoin Compass alleged Ponzi scheme, and can now also hold Medlin. Jakarta police special criminal investigation director Roma Hutajulu said:

„We will continue to prosecute him (Russ Albert Medlin) in accordance with Indonesian law while we await an extradition request from the U.S. Embassy, which has communicated with us through an FBI legal attaché.

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