“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department.
November 16, 2021
Former BitConnect promoter Glenn Arcaro has pled guilty to his role in the saga, but the whereabouts of the firm’s founder Satish Kumbhani is unknown.
September 1, 2021
Four of six U.S.-based promoters of the notorious BitConnect Ponzi scheme have reached settlement agreements with the SEC.
July 7, 2021
The Australian could be 99-years old by the time he is released if he’s sentenced to the maximum penalty.
November 17, 2020
John Bigatton has been barred from providing financial services in Australia for seven years for his involvement with the BitConnect Ponzi scheme.
September 3, 2020
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Mysterious deaths, royal connections and billions in stolen crypto, here’s how the biggest alleged exit scams line up
August 16, 2019
By CCN: Another cryptocurrency scam, same fraudster. Police in India’s city of Surat have implicated infamous BitConnect promoter Divyesh Darji in yet another cryptocurrency scam. According …
June 4, 2019
The Criminal Investigation Department in Gujarat, India has unearthed an alleged cryptocurrency scam involving a BitConnect promoter
June 3, 2019
By CCN: In 2016 a cryptocurrency project named BitConnect came along offering 1% daily compounded interest for those who purchased and staked its token. When the …
May 20, 2019
New Zealand has suffered one of its darkest days after a terrorist targeted several Christchurch mosques killing 49 people and seriously wounding 20 others. The alleged …
March 15, 2019
The FBI wants to identify alleged victims of the Bitconnect alleged ponzi scheme via a questionnaire
February 22, 2019
Like most scams, it will be years before Bitconnect’s operators have felt the full weight of their actions. However, the US government wants victims to help …
February 20, 2019
From the fall of Bitconnect to elaborate sim-swap swindling, let’s take a look at the biggest scams of 2018
January 9, 2019
John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect, is now under a travel ban imposed by the Australia federal court
January 8, 2019
John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the Australian Securities and Investments Commission (ASIC), functions very similarly to the …
January 7, 2019
Regulators in the United States have filed over 90 cryptocurrency fraud cases in the last two years, the Wall Street Journal reports. While it is difficult …
December 28, 2018
Crypto social media personality Trevon James, who was intimately involved in the promotion of the HYIP scheme BitConnect, which eventually led to law enforcement and legal …
December 3, 2018
Cointelegraph traces Bitconnect’s tangle of high crimes and misdemeanours in the Indian state of Gujarat
September 22, 2018