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 Will This Groundbreaking XRP ETF Filing Finally Win SEC Approval? August 30, 2025 BlockFi’s Disclosure Statement Receives Conditional Approval By US Bankruptcy Court August 5, 2023 XRP ETF Approval Odds Rocket Higher With Synchronized SEC Filings Flooding in August 24, 2025