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.
BitConnect @ BehindMLM
$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.
BitConnect, Satish Kumbhani & Glenn Arcaro sued by SEC
The SEC has finally filed suit against BitConnect and executives Satish Kumbhani and Glenn Arcaro. The lawsuit follows a similar suit filed against BitConnect’s top US promoters in May.
BitConnect’s Craig Grant on the run from US authorities
The SEC filed suit against top BitConnect promoter Craig Grant back in May. Rather than defend himself, Grant fled the US for Jamaica.
Ryan Maasen claims SEC’s BitConnect case “ruining his life”
Ryan Maasen has told a Judge the SEC’s BitConnect case against him is “ruining his life”. I first saw the statement reported by Inner City Press, who covered an August 11th case hearing.
Maasen, Noble, Jeppesen & Mascola settle BitConnect fraud
On June 1st the SEC tabled three proposed judgments against BitConnect defendants Joshua Jeppesen, Ryan Maasen and Laura Mascola. A partial judgment was tabled for Michael Noble. Each of the proposed judgments were consented to by the defendants. On June 3rd the SEC was directed to make an additional filing, explaining why the judgments were [Continue reading…]
