Glenn Arcaro’s BitConnect sentencing has been pushed to 2022.
As per a joint movement filed on October sixth, the DOJ and nonetheless working via “issues affecting sentencing”.
Moreover, the events are engaged on forfeiture and restitution points that can take further time to finish.
On October seventh the movement was granted, suspending Arcaro’s sentencing to January seventh, 2022.
Arcaro (proper) pled responsible to prices associated to his involvement in BitConnect final month.
A separate lawsuit filed by the SEC alleges Arcaro, as BitConnect’s US Nationwide Promoter, obtained $24 million.
BitConnect itself was a $2 billion greenback Ponzi scheme, the biggest prison crypto case the DOJ has filed so far.
Replace twenty fourth December 2021 – Glenn Arcaro’s sentencing has been continued to Might 2022.
Replace seventeenth September 2022 – Glenn Arcaro has been sentenced to 38 months in jail.