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 disapproves VanEck spot BTC trust product, commissioners see double standard March 10, 2023 $4.6B Lost to Crypto Scams as AI Deepfakes Lead the Charge: Report June 14, 2025 SEC Secures Default Judgments in $45 Million Coindeal Fraud Case July 12, 2024