BitConnect @ BehindMLM

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…]

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.

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 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…]

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.

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.

Following two years of mostly inaction, a Florida Judge has dismissed the BitConnect victim class-action lawsuit.

The future of the BitConnect class-action is in question, following a reduction of defendants to just three.

The BitConnect class-action isn’t going to well, following dismissal of the second amended complaint and several defendants.

A Status Report filed in the BitConnect class-action alleges a number of defendants are hiding from the law.