BitConnect founder Satish Kumbhani flees India, on the run
An SEC filing has revealed BitConnect founder Satish Kumbhani has fled India.
BitConnect @ BehindMLM
Glenn Arcaro settles BitConnect fraud with SEC
Glenn Arcaro and his company Future Money have settled BitConnect fraud charges with the SEC.
Glenn Arcaro’s BitConnect sentencing delayed till May 6th, 2022
BitConnect defendant Glenn Arcaro’s BitConnect sentencing has been delayed till May 6th, 2022.
DOJ filing suggests BitConnect promoters facing indictment
A DOJ filing in the SEC’s BitConnect case suggests promoters are facing criminal indictment.
Craig Grant served in SEC BitConnect case, fails to respond
After tracking BitConnect defendant Craig Grant in Jamaica, the SEC managed to serve him on October 29th. Grant’s response to the SEC lawsuit is now a week overdue.
$56 million in crypto from BitConnect’s Glenn Arcaro sold off
The DOJ has announced “approximately $56 million” in cryptocurrency obtained from Glenn Arcaro will be liquidated. Proceeds are to be distributed to BitConnect victims.
SEC tracks down BitConnect’s Craig Grant in Jamaica
The SEC has tracked BitConnect defendant Craig Grant to a hideout in Jamaica. In an October 8th request for an amended summons, the SEC reveals Grant’s hideout address:
Glenn Arcaro’s BitConnect sentencing pushed to 2022
Glenn Arcaro’s BitConnect sentencing has been pushed to 2022.
BitConnect’s Glenn Arcaro out on $500,000 bond release
Following the entering of a guilty plea to one count of conspiracy to commit wire fraud, Glenn Arcaro has been released on a $500,000 secured bond.
Glenn Arcaro pleads guilty to BitConnect criminal charges
Glenn Arcaro has plead guilty to BitConnect related criminal charges. BitConnect was a $2 billion dollar MLM crypto Ponzi scheme that collapsed in January 2017. Glenn Arcaro promoted BitConnect and served on the executive team as its US National Promoter.
