BitConnect @ BehindMLM

Although it feels like US authorities are dragging their feet with respect to BitConnect, reports of India confirm the investigation is still very much active. The latest update we’ve got on the FBI’s BitConnect investigation is that two agents recently interrogated Saitsh Kumbhani.

Authorities in Surat, Gujurat arrested Rakesh Savani last Friday. Savani is identified as a “Asian region promoter” of BitConnect, the notorious MLM cryptocurrency Ponzi scheme.

RegalCoin launched in late 2017, at the height of the BitConnect lending Ponzi craze. RegalCoin itself was unremarkable. In our September 2017 review, we noted it was just another BitConnect clone. Turns out this was true beyond the business model, following Indian authorities outing Divyesh Darji in connection to RegalCoin.

I feel like BitConnect 2.0 isn’t something I should have to even cover, but here we are. Up until its latest repurposing, the BitConnect 2.0 website domain was used to promote fraudulent Tron DAPP Ponzi schemes (Tron3D being the last I believe). On or around May 17th the domain was repurposed with a BitConnect 2.0 [Continue reading…]

Earlier today a man describing himself as an “ordinary white man” opened fire on two New Zealand mosques. As I write this, forty-nine people are dead. The gunman has been identified as Australian citizen Brenton Tarrant. Not only did Tarrant livestream his attack, he also published a 73 page manifesto before his arrest. In the [Continue reading…]

Lost money in BitConnect? Want to get back at Glenn Arcaro, Craig Grant, Trevon James, Crypto Nick, Ryan Hildreth and the rest of the BitConnect gang? Now’s your chance…

An Australian court has frozen BitConnect Director John Bigatton’s assets. Bigatton is also prohibited from fleeing the country.

Last month the Texas Securities Board published its Annual Enforcement Report. Following its publication, scammers have been using the report to reach out and target BitConnect victims.

A November 16th post on Craig Grant’s Steemit account suggests he’s been hauled before the Middle District Attorney’s Office of Florida.

Following on from our coverage two days ago of Craig Grant’s phonecall from the SEC, he’s since made some of evidence he provided to the SEC public. In two separate videos Craig Grant has revealed detailed chat logs between himself, Glenn Arcaro and Trevon James. The chat logs are from Facebook messenger and span early 2017 [Continue reading…]