The US SEC has reportedly submitted the required papers to open a case with Bitcoin (BTC) fraud charges against, who has failed to provide the monetary claims demanded by the US department. 

Specifically, on December 6, Judge Lorna G. Schofield of the New York Southern District Court has received a request letter from the US SEC, asking to reopen the Bitcoin fraud case of Haddow. 

In 2018, the US SEC has pressed charges against Haddow for his fraudulent activities towards Bitcoin investors, causing more than $37 million in financial damage. The court has then deemed Haddow guilty of the accusations towards him. 

Per the submitted letter, the SEC mentioned that Haddow was granted a partial consent judgment, effective from September 10th this year, and the court has ultimately deemed the case closed on December 5th.

The SEC argued that closing the case, along with the granted consent judgment meaning that Haddow will be able to avoid the department’s request for monetary penalties. 

The SEC looks to settle on an agreement regarding the monetary relief matter, or move to seek monetary relief, if its request for reopening the case is approved. 

Previously, Haddow – based in Morocco then – has been extradited back to the US to provide answers for his accusations in a Manhattan District Court in April this year. He was then received charges for “misappropriating investor funds” and “making false and misleading representations” to Bitcoin Store, Bar Works investors, and other crimes from November 2014 to June 2017.