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 Supreme Court Rules SEC In-House Penalty Proceedings Violate Seventh Amendment June 27, 2024 SEC Sues Consensys For MetaMask’s Swap And Staking Features June 28, 2024 Crypto Losses from Hacks Surpassed $313 Million in August September 2, 2024