Six executives at crypto Ponzi scheme Airbit Club have pleaded guilty to charges of conspiracy to commit wire fraud and conspiracy to launder money, conspiracy to commit bank fraud, and prosecutors say the scheme defrauded victims of $100 million, CoinDesk reported. Each could face up to 70 years in prison. Their ill-gotten gains, including dollars, bitcoin and real estate worth a combined $100 million, will also be forfeited as part of the guilty plea. Airbit Club is a global scam in which promoters hold lavish expos and community demos in the US, Asia, Latin America, and Eastern Europe, and convince victims to invest in "memberships," claiming to generate returns through Bitcoin mining and trading, victims can Checking their "balances" on online portals, but the numbers are fake and they cannot withdraw funds.