BitConnect @ BehindMLM

Eleven former police officers have received life sentences for their roles in a BitConnect extortion case. The police officers are joined by Superintendent of Police Jagdish Patel, Police Inspector Anant Patel and former politician Nalin Kotadiya – all of which also received life sentences. Criminals sentenced to life in India must serve at least 14 [Continue reading…]

The North American Securities Administrators Association (NASAA), has urged the US House Committee on Financial Services not to weaken state securities regulators. Several MLM related fraud cases, initiated by state regulators in the US, are cited in support. NASAA is made up of US state regulators, as well as their equivalents in the District of [Continue reading…]

Jobadiah “Joby” Weeks pled guilty to BitClub Network criminal charges in November 2020. Five years later, in a situation one assumes nobody is happy with, Weeks has yet to be sentenced. Back in May Weeks, who is currently on bail pending sentencing, received permission to relocate from Colorado to Florida. While in Florida, Weeks was [Continue reading…]

Craig Grant has listed his BitConnect villa on AirBNB. As per the listing above, which is live, Grant’s BitConnect villa is located in Spring Garden, Jamaica.

BitConnect Ponzi promoter Craig Grant has partially doxxed himself. Earlier today Grant published ads listing rooms in a property in Jamaica.

BitConnect founder and wanted fugitive Satish Kumbhani has been tracked to Ahmedabad, a city in the Indian state of Gujurat.

Trevon James Brown’s BitConnect settlement conference has been delayed till April 2025.

After failing to respond to an SEC lawsuit filed against him, Trevon James has asked a court to set aside a recorded entry of default. In a six-page October 18th filed pro-ser letter, James has also informed the court he doesn’t “have the Bitcoin to liquidate in order to pay these fines.”

Authorities in Gujarat have seized another 47.7 crore worth of assets tied to BitConnect (~$5.6 million).

While BitConnect promoter Michael Noble settled the SEC’s fraud allegations against him in 2021, disgorgement, interest and civil penalty amounts remain disputed. Seeking to finalize these amounts, the SEC filed a motion seeking monetary relief against Noble on September 16th.