Misplaced cash in BitConnect? Need to get again at Glenn Arcaro, Craig Grant, Trevon James, Crypto Nick, Ryan Hildreth and the remainder of the BitConnect gang?
Now’s your probability…
As a part of an ongoing investigation into the BitConnect Ponzi scheme, the FBI is reaching out to victims.
What’s significantly attention-grabbing about this newest initiative, is it offers perception into the tone of the US regulatory investigation.
For a majority of BCC’s existence, the one place to buy, commerce, or promote the cryptocurrency was by way of the proprietary trade hosted by Bitconnect.
By mid-December 2017, BCC boasted a market cap of over $2.5 billion.
Bitconnect assured buyers as much as a ten % whole return per 30 days on their funding, following a tiered-investment system based mostly on the sum of an investor’s preliminary deposit.
Your complete marketplace for BCC crashed in late January 2018, after two U.S. state-level securities regulators issued public letters warning buyers of the Ponzi-type nature of Bitconnect.
This led to Bitconnect utterly shutting down its trade for BCC, eliminating the marketplace for the cryptocurrency and stranding buyers with near-worthless cryptocurrency.
Up till now all we’ve needed to go on are private recounts by Trevon James and Craig Grant, each of whom performed down their respective interrogations.
By referring to BitConnect as an “Ponzi kind funding system” and “looking for potential victims”, securities fraud, wire fraud and cash laundering come into play.
There are lesser counts each on a prison and civil stage however these are the principle ones.
Past that it seems like we’re going to have to attend and see how this performs out.
BitConnect victims prepared to help the FBI with their investigation can accomplish that on the FBI’s web site.
Your responses are voluntary however could be helpful within the federal evaluation of this matter and to establish you as a BCC investor and/or potential sufferer.
Primarily based on the responses supplied, you could be contacted by the FBI and requested to supply extra data.
Keep tuned…
Replace twelfth September 2023 – The FBI is redirecting BitConnect victims to the DOJ web site.
This text initially contained a hyperlink to an FBI web site declare type, which I’ve now disabled.