BitConnect

BitConnect’s John Bigatton criminally charged in Australia

BitConnect, Frauds, regulation

The Australian Securities and Investments Commission has filed criminal charges against John Louis Anthony Bigatton. Bigatton served as an Australian Director of the infamous BitConnect Ponzi scheme. In September ASIC hit Bigatton with a seven-year financial services ban. Following a lengthy investigation, ASIC has now additionally charged Bigatton (right) with: one count of operating an […]

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BitConnect scammer John Bigatton receives securities ban

BitConnect, Frauds, regulation

John Bigatton, former Bitconnect Australian National Representative, is the subject of an ongoing investigation by the Australian Securities and Investments Commission (ASIC). As part of ASIC’s investigation, Bigatton has been slapped with a seven year financial services ban. Although ASIC states its investigation into Bigatton (right, with his missing wife) is ongoing, thus far the

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BitConnect victim class-action dismissed by Judge

BitConnect, Frauds

Following two years of mostly inaction, a Florida Judge has dismissed the BitConnect victim class-action lawsuit. The BitConnect class-action lawsuit was a consolidation of multiple lawsuits filed back in 2018. Initially several defendants were named, but by Juanuary 2020 the list had been whittled down to just three; Trevon Brown (a/k/a Trevon James), Ryan Hildreth

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BitConnect class-action reduced to three defendants

BitConnect, Frauds

The future of the BitConnect class-action is in question, following a reduction of defendants to just three. The reduction was made via a January 9th order, denying plaintiffs’ renewed request to effect alternative service. The order follows continued dismissal of BitConnect defendants, owing to the plaintiff’s being unable to serve them. The January 9th order

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More defendants dismissed from BitConnect class-action

BitConnect, Frauds

The BitConnect class-action isn’t going to well, following dismissal of the second amended complaint and several defendants. The November 20th order strikes the remainder of the second amended complaint, which was filed on September 13th. Defendants Glenn Arcaro and Ryan Maasen were dismissed from the case back in September. Judge Middlebrooks has also now dismissed

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Class-action filing alleges BitConnect defendants on run from law

BitConnect, Frauds

A Status Report filed in the BitConnect class-action alleges a number of defendants are hiding from the law. Following an August 28th order to file a Status Report regarding service, the class plaintiffs did so on September 6th. In the report it’s revealed service has not been executed on the following defendants: BitConnect AMR Limited

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US Court rules BitConnect was a securities offering

BitConnect, Frauds

As part of the order dismissing claims against BitConnect class-action defendants Glenn Arcaro, Ryan Maasen and YouTube, a US court has definitively ruled that BitConnect was a securities offering. In his August 23rd order, Judge Middlebrooks addressed Glenn Arcaro’s assertion that BitConnect wasn’t a securities offering. Arcaro (right) put forward three defenses as to why

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Arcaro, Maasen & YouTube dismissed from BitConnect class-action

BitConnect, Frauds

Claims against BitConnect class-action defendants Glenn Arcaro, Ryan Maasen and YouTube have been dismissed. Following motions to dismiss securities violations claims citing lack of jurisdiction and failure to state a claim, the court agreed on the grounds that the mere allegation of a Securities Act violation is not sufficient to confer personal jurisdiction. The remaining

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BitConnect web developer extradited from Abu Dhabi to India

BitConnect, Frauds, regulation

A BitConnect web developer has been deported from Abu Dhabi at the behest of Indian authorities. Dhavan Mavani (right) had been hiding out in Abu Dhabi following BitConnect’s collapse early last year. According to a July 31st Times of India report, the Crime Investigation Department in Gujurat filed a case against Mavani (right) last July.

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