A DOJ submitting within the SEC’s BitConnect case suggests promoters are dealing with prison indictment.
The DOJ’s November thirtieth submitting seeks to remain the SEC’s civil case towards BitConnect’s US promoters.
The acknowledged causes for the requested keep are;
the pendency of a parallel prison case … and a associated, ongoing grand jury investigation.
The identical underlying information are at problem in each the Civil and Prison Instances.
The parallel civil case referred to is Glenn Arcaro (proper).
That case was resolved by way of a responsible plea in September. Arcaro is scheduled to be sentenced in January 2022.
Named defendants within the SEC’s BitConnect promoter case are Trevon Brown (aka Trevon James), Craig Grant, Joshua Jeppesen, Ryan Maasen and Michael Noble.
The DOJ’s submitting strongly suggests prison proceedings are underway towards a number of of the civil defendants.
I is perhaps studying between the traces a bit an excessive amount of, nevertheless it sounds just like the DOJ is particularly singling out Trevon James and Craig Grant.
Defendant Craig Grant was final identified to reside in Jamaica, however his present location is unknown. Defendant Trevon Brown’s location is at the moment unknown.
Neither of the aforementioned defendants has made an look within the Civil Case, and due to this fact has not taken any place as to the Civil Case.
Prior defendants Joshua Jeppesen, Ryan Maasen, Michael Noble, and Laruen Mascola have been terminated from the Civil Case and are not events to the moment matter.
A keep of proceedings is acceptable. This movement is well timed, and the identical alleged fraudulent scheme is at problem in each the Civil and Prison Instances.
A keep is additional essential to protect the secrecy of the continuing grand jury proceedings and to advertise the judicial financial system.
Defendants Joshua Jeppesen, Ryan Maasen, Michael Noble and Laura Mascola settled civil prices introduced by the SEC in July.
That leaves Trevon Brown and Craig Grant.
With that in thoughts, think about this subsequent paragraph from the DOJ’s submitting;
This movement by the US is well timed. That’s, it was filed earlier than any Defendant has answered the SEC Grievance and earlier than any discovery has taken place within the Civil Case.
The DOJ’s stipulation would solely apply to Grant and Brown, neither of which have responded to the SEC’s case.
Till prison proceedings and indictments are unsealed, I can’t rule out motion towards Jeppesen, Maasen, Noble and/or Mascola. But it surely’s trying like, at the very least for now, prison motion towards Grant and Brown is confirmed.
We all know the FBI interrogated Brown again in 2018. Since then there have been no updates, with respect to both Brown or Grant.
It’s additionally fascinating that the DOJ claims they don’t know the place Brown or Grant at the moment are.
Trevon James continues to advertise crypto scams on YouTube:
Brown was staying together with his household at a residential property in South Carolina.
On October thirtieth Brown streamed a video to YouTube with a noticeably completely different backdrop.
When requested the place he was by a viewer, Brown replied, “Don’t ask me the place I’m at”.
Craig Grant fled to Jamaica upon studying of the SEC’s lawsuit towards him.
After participating a neighborhood regulation agency, the SEC tracked and served Grant at his Spanish City residence.
The DOJ’s submitting suggests Grant might need since fled once more. An indictment would enable the US authorities to method Jamaican authorities for help.
Replace eighth December 2021 – Seemingly in response to the information he’s probably dealing with indictment within the US, Craig Grant has deleted all of his “Jamaican farmer” YouTube movies.