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 BIT Mining Settles for $10M Over Bribery Allegations in Japan Resort License Bid November 24, 2024 SEC Greenlights In-Kind Transactions for Crypto Exchange-Traded Products July 29, 2025 Ripple (XRP) Finds a Spot in a Very Prestigious List September 20, 2023