When referring to frauds, they use #BitConnect, one of the most blatant scams of the 2017 bull run (which by the way was exposed by the crypto #community in real time and only charged by the SEC 4 years after the scam had run its course in 2021

When referring to frauds, they use #BitConnect, one of the most blatant scams of the 2017 bull run (which by the way was exposed by the crypto #community in real time and only charged by the SEC 4 years after the scam had run its course in 2021

When referring to frauds, they use #BitConnect, one of the most blatant scams of the 2017 bull run (which by the way was exposed by the crypto #community in real time and only charged by the SEC 4 years after the scam had run its course in 2021

When referring to frauds, they use #BitConnect, one of the most blatant scams of the 2017 bull run (which by the way was exposed by the crypto #community in real time and only charged by the SEC 4 years after the scam had run its course in 2021

When referring to frauds, they use #BitConnect, one of the most blatant scams of the 2017 bull run (which by the way was exposed by the crypto #community in real time and only charged by the SEC 4 years after the scam had run its course in 2021).” 

When referring to frauds, they use #BitConnect, one of the most blatant scams of the 2017 bull run (which by the way was exposed by the crypto #community in real time and only charged by the SEC 4 years after the scam had run its course in 2021).” 

When referring to frauds, they use #BitConnect, one of the most blatant scams of the 2017 bull run (which by the way was exposed by the crypto #community in real time and only charged by the SEC 4 years after the scam had run its course in 2021).” 

Around 800 victims of the #BitConnect scheme will soon receive a portion of $17 million in restitution after a court #ruling ordered it so

#Victims of #BitConnect to Receive $17 Million in Restitution

#Bitconnect investors to be repaid over $17 million lost to the #crypto pyramid.

Judge says 800 #victims of #BitConnect scam can share $17M

Victims of the #BitConnect crypto #scam are set to have some of their funds returned, but it's far from the $2.4 billion the company took.

On Sept. 16, 2022, Arcaro was sentenced to 38­ months in prison for his #participation in #Bitconnect.

According to the DOJ, Arcaro and others used 15% of #Bitconnect #investor money ona slush fund used to benefit its owner and other promoters.

The top U.S.-based #Bitconnect promotor, Glenn Arcaro, pleaded guilty to wire fraud conspiracy charges in September 2021 and was ordered to pay back $24 million to #investors.

The alleged founder of #Bitconnect, Satish #Kumbhani, was charged by the DOJ in February.

Investors would trade in #Bitcoin BTC tickers down $18,967 and receive #Bitconnect Coin (BCC) in return, which could be lent out at varying rates of interest.

The DOJ statement noted that Bitconnect was a purported #crypto lending platform that touted proprietary #technology including the “#Bitconnect #Trading Bot.”

A group of #crypto fraud victims of the #BitConnect #investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution.

800 victims of ‘massive’ #Bitconnect fraud to receive $17M #restitution

800 victims of 'massive' #Bitconnect fraud to #receive $17M restitution

#Victims Of #BitConnect Fraud To Receive $17M As Restitution: DOJ