US Government Seeks 90-Day Adjournment of Sentencing for Ponzi Scammer Renwick Haddow

The U.S. Government is once again asking the courts to delay the sentencing of Renwick Haddow, a British-born fraudster whose name has become synonymous with some of the biggest investment scams of the past decade. Court filings from September 19, 2025, reveal that prosecutors have requested a 90-day adjournment of Haddows sentencing, which had been scheduled for October 29.

The reason? Haddow is still helping the Government track down millions of dollars in stolen funds scattered across foreign jurisdictions.

Contents

01

Why is the sentencing delayed?

02

The Man Behind Two Major Scams

03

From Morocco to Manhattan

04

A Long Road to Justice

Why is the sentencing delayed?

In their request to the Southern District Court of New York, prosecutors explained that Haddow is actively working with legal teams both in the U.S. and abroad to liquidate or transfer assets hidden in places like Morocco and the Bahamas. These assets could provide several million dollars in restitution for the victims of his schemes.

The Government argued that this process would be far more complicated if Haddow were already behind bars. By delaying sentencing, authorities hope to recover more funds before he begins serving his prison term.

The Man Behind Two Major Scams

Renwick Haddow is no small-time swindler. He gained infamy for orchestrating two major schemes:

• Bar Works – Marketed as a company turning bars and restaurants into trendy co-working spaces, Bar Works was in reality a front for siphoning investor money.
• Bitcoin Store – Promoted as an online platform for buying, selling, and storing Bitcoin, it too turned out to be a sham.

Between 2014 and 2017, Haddow convinced investors worldwide to pour millions into these ventures, using false claims about management, performance, and business operations.

From Morocco to Manhattan

Haddows downfall was as dramatic as his schemes. In July 2017, he was arrested in Morocco under a provisional warrant after fleeing the U.S. Authorities spent months working to bring him back to face justice.

In May 2019, Haddow pleaded guilty to four counts of wire fraud and conspiracy tied to both the Bar Works and Bitcoin Store scams. Despite that, his sentencing has been repeatedly postponed as he continues to cooperate with asset recovery efforts.

A Long Road to Justice

For Haddow‘s victims, many of whom lost life savings, justice has been painfully slow. More than eight years have passed since his arrest, and a final prison sentence remains pending. Still, prosecutors say the delays are in the victims’ best interest if they result in greater restitution.

If the court grants this latest request, Haddows sentencing would be pushed into early 2026, extending a saga that began with promises of easy profits and ended in one of the most notorious Ponzi cases tied to the rise of cryptocurrency and trendy “alternative” investments.