Bitconnect Executive Sentenced To 38 Months Over $2.4 Billion Crypto Ponzi Scheme.
On Friday, top executive marketer of the BitConnect cryptocurrency investment platform was sentenced to 38 months in prison for running a $2.4 billion Ponzi scheme that defrauded at least 4,500 people from 95 countries. Glenn Arcaro pleaded guilty to fraud…
BitConnect Scam Update: US To Sell Off $56 Million Worth of Crypto.
The U.S. Justice Department will dispose off in sales $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the offshore crypto lending program BitConnect, authorities announced on Tuesday. The Justice Department said…