BitConnect @ BehindMLM

Indian authorities seize $5.6 mill in BitConnect assets

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


SEC seeks $731K from Michael Noble in BitConnect disgorgement

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.


SEC reveals $6.1 mill Craig Grant & Trevon James judgments

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.


BitConnect’s Glenn Arcaro wants to change his name

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


BitConnect extortioner Shailesh Bhatt arrested in Ahmedabad

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


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.