Glenn Arcaro – Miami Crypto Coin

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US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison

Post author:MiamiCrypto
Post published:September 20, 2022
Post category:BitConnect bitconnect charged Bitconnect crypto bitconnect Glenn Arcaro Bitconnect Ponzi scheme bitconnect promoter bitconnect scam Glenn Arcaro Glenn Arcaro charged Glenn Arcaro prison Regulation

The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no…

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.