BitConnect extortioner Shailesh Bhatt arrested in Ahmedabad
A man who extorted around $146 million from BitConnect scammers has been arrested in Ahmedabad, Gujarat.
BitConnect @ BehindMLM
Trevon James & Craig Brown facing BitConnect default judgments
Following years of delays, there is finally some movement on the SEC’s BitConnect promoter case.
BitConnect scammer John Bigatton avoids prison
Australian BitConnect scammer John Bigatton has avoided prison. Following a guilty plea in May, Bigatton faced up to forty-seven years in prison. On July 15th, Bigatton was convicted but “released on a recognisance to be of good behaviour for three years.”
John Bigatton pleads guilty to Bitconnect fraud charge
Australian BitConnect promoter John Louis Anthony Bigatton has pled guilty to a criminal charge brought by Public Prosecutors. On May 16th Bigatton pled guilty to one charge of providing unlicensed financial services on behalf of another person.
Indian authorities seize $51.9 million tied to BitConnect
Indian authorities have seized ₹4.3 billion in cryptocurrency, gold and cash ($51.9 million USD). As reported by The Hindu on April 1st, the assets are tied to BitConnect’s “Divyesh Darji and others”.
BitConnect’s Glenn Arcaro cops $28 mill judgment in SEC case
BitConnect’s Glenn Arcaro has been sentenced to a $28 million judgment in his SEC fraud case.
800 BitConnect victims to receive $17 million in restitution
800 victims of the BitConnect Ponzi scheme are set to receive a share in $17 million recovered through restitution.
BitConnect class-action dismissed by Plaintiffs
The BitConnect class-action has been dismissed by co-lead Plaintiffs Albert Parks and Faramarz Shemirani.
Glenn Arcaro’s BitConnect CA Supreme Court writ denied
The Supreme Court has denied BitConnect scammer Glen Arcaro’s petition for a writ of certiorari.
BitConnect’s Glenn Arcaro sentenced to 38 months in prison
BitConnect’s Glenn Arcaro has been sentenced to 38 months in prison (just over 3 years).
