BitConnect

John Bigatton pleads guilty to Bitconnect fraud charge

BitConnect, Frauds, regulation

Australian BitConnect promoter John Louis Anthony Bigatton has pled accountable to a jail value launched by Public Prosecutors. On Would possibly sixteenth Bigatton pled accountable to not less than one value of providing unlicensed financial corporations on behalf of 1 different particular person. As per a Would possibly seventeenth media launch from the Australian Securities […]

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Indian authorities seize $51.9 million tied to BitConnect

BitConnect, Frauds, regulation

Indian authorities have seized ₹4.3 billion in cryptocurrency, gold and money ($51.9 million USD). As reported by The Hindu on April 1st, the belongings are tied to BitConnect’s “Divyesh Darji and others”. The ED probe relies on the First Data Studies registered by the Surat police in Gujarat below numerous provisions of the Indian Penal

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BitConnect class-action dismissed by Plaintiffs

BitConnect, Frauds

The BitConnect class-action has been dismissed by co-lead Plaintiffs Albert Parks and Faramarz Shemirani. Parks and Shemirani filed a Discover of Voluntary Dismissal on November twenty second. At time of publication the courtroom has but to challenge any response submitting certifying the discover. I’m not seeing why the courtroom wouldn’t although, so for all intents

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Glenn Arcaro’s BitConnect CA Supreme Court writ denied

BitConnect, Frauds

The Supreme Courtroom has denied BitConnect scammer Glen Arcaro’s petition for a writ of certiorari. Arcaro (proper) filed his SCOTUS petition after his bid to overturn an attraction dismissing a associated civil class-action filed towards him. Arcaro argues that he’s already been milked dry in parallel felony and civil regulatory proceedings introduced towards him. Mr.

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BitConnect’s Glenn Arcaro sentenced to 38 months in prison

BitConnect, Frauds, regulation

BitConnect’s Glenn Arcaro has been sentenced to 38 months in jail (simply over 3 years). Arcaro, as Bitconnect’s US Nationwide Promoter, labored intently with indicted founder Satish Kumbhani. Along with a gaggle of US based mostly promoters, Arcaro was accountable for BitConnect investor recruitment throughout North America. The SEC alleged Arcaro stole round $24 million

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Somebody turned BitConnect’s domain into a Ponzi factory

BitConnect, Frauds

In September 2021 any individual bought BitConnect’s “bitconnect.co” web site area. They’ve since turned it right into a Ponzi manufacturing unit, and enterprise is booming. I grew to become conscious of BitConnect’s web site area being repurposed by means of an advert for Bitcoin Prime. Stealing Amazon’s trademark apart, Bitcoin Prime is an unremarkable $250

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