BitConnect @ BehindMLM

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.

Following certificates of default entered against Craig Grant and Trevon James in late August, the SEC has filed proposed orders against the BitConnect Ponzi promoters.

Convicted BitConnect Ponzi scammer Glenn Arcaro wants to change his name. The request was noted in a petition to modify Arcaro’s release conditions.

A man who extorted around $146 million from BitConnect scammers has been arrested in Ahmedabad, Gujarat.

Following years of delays, there is finally some movement on the SEC’s BitConnect promoter case.