Trade Coin Club
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·3YceeP…sgWBSummary
Trade Coin Club (TCC) was a multi-level marketing cryptocurrency program that operated from late 2016 through mid-2018, allegedly collecting over 82,000 Bitcoin valued at approximately $295 million from more than 100,000 investors worldwide. The program falsely promised daily returns of at least 0.35% generated by an automated trading bot; the SEC and DOJ allege no such trading occurred and that investor withdrawals were funded entirely by new investor deposits, constituting a classic Ponzi scheme. In November 2022, the SEC charged four individuals including founder Douver Torres Braga; Braga was subsequently extradited from Switzerland in February 2025 to face a 13-count federal criminal indictment.
Connected Entities
2 entities · 60 linked investigations- Trade Coin Club→mentioned with→Bitcoin(70%)
Connected Through
1 shared actor · 478 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ♦Bitcointoken
Timeline(19 events)
September 2017
Investor withdrawals begin exceeding new deposits, indicating Ponzi collapse dynamics
BehindMLM / SEC complaintNovember 2017
Trade Coin Club initiates TCoin exit strategy, introducing in-house token to replace Bitcoin withdrawals
BehindMLMFebruary 2018
Trade Coin Club announces it will no longer pay withdrawals in Bitcoin; switches exclusively to TCoin, which subsequently becomes worthless
BehindMLM / SEC complaint5 October 2022
Grand jury in Western District of Washington returns sealed indictment against Braga; bench warrant issued
BehindMLM / DOJ3 November 2022
SEC files civil complaints in Western District of Washington against Braga, Paradise, Taylor (Case 2:22-cv-01563) and Tetreault (Case 2:22-cv-01567)
SEC21 November 2022
Jonathan Tetreault agrees to settle SEC civil charges, paying approximately $781,000
SEC / CoinDesk16 August 2024
Court clerk enters default against both Joff Paradise and Keleionalani Taylor in SEC civil action
BehindMLM8 February 2025
Douver Torres Braga arrested by Swiss authorities while traveling outside Brazil
DOJ / BehindMLM21 February 2025
Braga extradited to the United States; makes initial court appearance in Seattle; pleads not guilty to 13-count indictment
DOJ USAO-WDWA6 March 2025
Court grants stipulation staying all SEC civil proceedings pending outcome of Braga's criminal trial
BehindMLM28 April 2025
Criminal trial before U.S. District Judge Tana Lin scheduled to begin in Seattle (outcome not publicly confirmed as of research date)
DOJ USAO-WDWADecision Log
- slot 423509440 · hash FQKpQsQ5sXLQWVcmbQvzkw8P2DbpkNiU7UQtCs5DaCuZ
- slot 423509438 · hash JALeTLU5p2chZDWZc6pusFtTbm9vcAhSLCgGGTCLuto
- slot 423441623 · hash GxVPQNvXQWz5Na54uX8BvuRyEbEUJQpT6uUrFuVPNMtR
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 16 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 7:53:31 PM
last updated: 5/31/2026, 7:53:31 PM
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