Bitconnect promoter pleads guilty over Ponzi scheme, as platform faces new SEC charges Post author:MiamiCrypto Post published:September 2, 2021 Post category:BitConnect / Bitconnect promoters / Complaint / Crypto Scams / Glenn Arcaro / Ponzi-scheme / Satish Kumbhani / SEC 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. You Might Also Like SEC and CFTC Unite: Green Light for Crypto on the World’s Biggest Venues September 3, 2025 Binance.US Claims No Evidence of Wrongdoing in SEC Case July 2, 2024 As SEC Stalls on a Bitcoin ETF, Grayscale Is Campaigning February 22, 2022