Sep 1, 2021 · SAN DIEGO—Glenn Arcaro of Los Angeles pleaded guilty today in federal court for his participation in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, …
to buy BitConnect coin, a new cryptocurrency. But BitConnect coin wasn�. t a sound investment— it was a Ponzi scheme. After that scheme collapsed, BitConnect buyers sought to hold the promoters …
“You can invest BitConnect Coin in BitConnect lending platform exclusively from the BitConnect Dashboard. This investment option involved profiting from BitConnect trading bot and volatility software.
It was the purpose of the conspiracy for ARCARO and his co-conspirators to unlawfully enrich themselves by inducing investors to invest in BitConnect through materially false and fraudulent …
Defendants, Plaintiff Securities and Exchange Commission (“SEC”), for its Complaint against Defendants BitConnect (“BitConnect”), Satish Kumbhani (“Kumbhani”), Glenn Arcaro (“Arcaro”), and …
SAN DIEGO – A federal grand jury returned an indictment today charging Satishkumar Kurjibhai Kumbhani, a citizen and resident of India, with multiple crimes for his alleged role in a massive …
The first case of note began with an SEC complaint filed on Sept. 1, 2021, against online crypto lending platform BitConnect Ltd., its founder Satish Kumbhani, and promoter Glenn Arcaro and his company …