Welcome to the AirBit Victim Fund Website

The AirBit Victim Fund (“AVF”) was established by the U.S. Department of Justice (the “Department” or “DOJ”) to serve as the vehicle for compensating victims who suffered losses as a result of the AirBit Club fraud.

Beginning in or about 2015, Pablo Renato Rodriguez, Gutemberg dos Santos, and others orchestrated an investment fraud known as the AirBit Club. Victims were induced to purchase memberships based on false promises of guaranteed daily returns purportedly generated through cryptocurrency mining and trading activities. In reality, these activities never occurred, and investor funds were misappropriated by the perpetrators. The U.S. Attorney’s Office for the Southern District of New York brought criminal charges against multiple individuals involved in the scheme and recovered approximately $150 million in forfeited assets. These forfeited assets are now available to compensate victims through the DOJ’s remission process.

Authority to grant remission rests with the United States Attorney General and has been delegated to the Chief of the Money Laundering, Narcotics and Forfeiture Section of the Department. The remission process is governed by Title 28 of the Code of Federal Regulations, Part 9.

AVF is currently accepting petitions for remission from victims of the AirBit Club fraud.

AVF is responsible for receiving, reviewing, and verifying petitions, and for evaluating claims of loss in accordance with applicable law and DOJ policy. While AVF administers the claims process, all final determinations regarding eligibility, loss calculations, and distributions are made by the Department. AVF is administered on behalf of the Department by RCB Fund Services, LLC.

Additional information regarding eligibility requirements, loss calculations, and the remission process is available in the Frequently Asked Questions section of this website.