The SEC has tracked BitConnect defendant Craig Grant to a hideout in Jamaica. In an October 8th request for an amended summons, the SEC reveals Grant’s hideout address: Interestingly enough this isn’t Grant’s family home, as featured in his YouTube farming videos. It appears to be a housing estate in the south-west of Spanish Town, […]
SEC tracks down BitConnect’s Craig Grant in Jamaica Read More »
Glenn Arcaro’s BitConnect sentencing has been pushed to 2022. As per a joint motion filed on October 6th, the DOJ and still working through “matters affecting sentencing”. Additionally, the parties are working on forfeiture and restitution issues that will take additional time to complete. On October 7th the motion was granted, postponing Arcaro’s sentencing to
Glenn Arcaro’s BitConnect sentencing pushed to 2022 Read More »
Following the entering of a guilty plea to one count of conspiracy to commit wire fraud, Glenn Arcaro has been released on a $500,000 secured bond. As per Arcaro’s filed September 1st plea agreement, he’s waived the need for an indictment. The plea agreement itself was signed by Arcaro (right) personally on August 23rd. In
BitConnect’s Glenn Arcaro out on $500,000 bond release Read More »
Glenn Arcaro has plead guilty to BitConnect related criminal charges. BitConnect was a $2 billion dollar MLM crypto Ponzi scheme that collapsed in January 2017. Glenn Arcaro promoted BitConnect and served on the executive team as its US National Promoter. As per the DOJ’s September 1st press-release, Arcaro has admitted he conspired with others to
Glenn Arcaro pleads guilty to BitConnect criminal charges Read More »
The SEC has finally filed suit against BitConnect and executives Satish Kumbhani and Glenn Arcaro. The lawsuit follows a similar suit filed against BitConnect’s top US promoters in May. As alleged by the SEC, BitConnect was a $2 billion Ponzi scheme that took in over 325,000 BTC. Named defendants in the SEC’s lawsuit are BitConnect
BitConnect, Satish Kumbhani & Glenn Arcaro sued by SEC Read More »
The SEC filed suit against top BitConnect promoter Craig Grant back in May. Rather than defend himself, Grant fled the US for Jamaica. Grant fleeing the US as a result of the SEC’s filed lawsuit was confirmed in a motion filed by the SEC on August 16th. The Commission staff believes that shortly after the
BitConnect’s Craig Grant on the run from US authorities Read More »
Ryan Maasen has told a Judge the SEC’s BitConnect case against him is “ruining his life”. I first saw the statement reported by Inner City Press, who covered an August 11th case hearing. One of the individual defendants called in and said, This is ruining my life. He begged Judge Koeltl to dismiss the case
Ryan Maasen claims SEC’s BitConnect case “ruining his life” Read More »
On June 1st the SEC tabled three proposed judgments against BitConnect defendants Joshua Jeppesen, Ryan Maasen and Laura Mascola. A partial judgment was tabled for Michael Noble. Each of the proposed judgments were consented to by the defendants. On June 3rd the SEC was directed to make an additional filing, explaining why the judgments were
Maasen, Noble, Jeppesen & Mascola settle BitConnect fraud Read More »
Episode one of Netflix’s new Money: Explained mini-series features OneCoin and BitConnect. Both are MLM Ponzi schemes that bilked investors out of billions of dollars. Money: Explained cites OneCoin and BitConnect as part of a segment exploring technology making proliferation of scams easier. The infamous Carlos Mattos BitConnect event footage is shown on the screen
OneCoin featured in Netflix’s Money: Explained series Read More »
Top US promoters of the BitConnect Ponzi scheme have been sued in a securities fraud lawsuit filed by the SEC. Defendants on the chopping block are Trevon Brown (aka Trevon James), Craig Grant, Joshua Jeppesen, Ryan Maasen, Michael Noble (aka “Michael Crypto”). Jeppesen’s fiancee, Laura Mascola, is the sole named relief defendant. As described by
US BitConnect promoters sued by SEC Read More »
