OneCoin featured in Netflix’s Money: Explained series
Episode one of Netflix’s new Money: Explained mini-series features OneCoin and BitConnect. Both are MLM Ponzi schemes that bilked investors out of billions of dollars.
BitConnect @ BehindMLM
US BitConnect promoters sued by SEC
Top US promoters of the BitConnect Ponzi scheme have been sued in a securities fraud lawsuit filed by the SEC. Defendants on the chopping block are Trevon Brown (aka Trevon James), Craig Grant, Joshua Jeppesen, Ryan Maasen, Michael Noble (aka “Michael Crypto”). Jeppesen’s fiancee, Laura Mascola, is the sole named relief defendant. As described by [Continue reading…]
EtherConnect Review: Bitconnect reboot with DeFi buzzwords
EtherConnect provides no information on its website about who owns or runs the company. EtherConnect’s website domain (“etherconnect.co”) was privately registered on January 12th, 2021. From its company logo to its marketing material, EtherConnect represents itself as a reboot of the notorious BitConnect Ponzi scheme. The following is from EtherConnect’s official marketing presentation; As everyone [Continue reading…]
BitConnect’s John Bigatton criminally charged in Australia
The Australian Securities and Investments Commission has filed criminal charges against John Louis Anthony Bigatton. Bigatton served as an Australian Director of the infamous BitConnect Ponzi scheme.
BitConnect scammer John Bigatton receives securities ban
John Bigatton, former Bitconnect Australian National Representative, is the subject of an ongoing investigation by the Australian Securities and Investments Commission (ASIC). As part of ASIC’s investigation, Bigatton has been slapped with a seven year financial services ban.
BitConnect victim class-action dismissed by Judge
Following two years of mostly inaction, a Florida Judge has dismissed the BitConnect victim class-action lawsuit.
BitConnect class-action reduced to three defendants
The future of the BitConnect class-action is in question, following a reduction of defendants to just three.
More defendants dismissed from BitConnect class-action
The BitConnect class-action isn’t going to well, following dismissal of the second amended complaint and several defendants.
Class-action filing alleges BitConnect defendants on run from law
A Status Report filed in the BitConnect class-action alleges a number of defendants are hiding from the law.
US Court rules BitConnect was a securities offering
As part of the order dismissing claims against BitConnect class-action defendants Glenn Arcaro, Ryan Maasen and YouTube, a US court has definitively ruled that BitConnect was a securities offering.
