The securities regulator has levied a new action against BitConnect founder Satish Kumbhani and the lead U.S. promoter after they allegedly defrauded 325,000 BTC from investors.
Michael Crypto and Joshua Jeppesen agreed to the judgment without admitting or denying the allegations and will give U.S. securities regulator access to BTC wallets.
The regulator charged six promoters in May, and as per a new report, it’s set to settle with four of these, with penalties ranging from $526,000 to $3 million.
The U.S. Securities and Exchange Commission said it will commence action against a group of well-known online "influencers" associated with the now-infamous BitConnect investment scheme.
John Bigatton is accused of operating an unregistered managed investment scheme and providing financial advice without a license to do so, contrary to the laws of Australia.
John Bigatton has been described as a “born salesman,” and is the subject of investigation by the Australian regulator since BitConnect’s collapse.
Binance's new lending platform received a lot of negative attention stating that it is a very bad idea.
The investigation in BitConnect’s alleged Ponzi scheme continues, and the FBI is looking for help to get to the bottom of it.
The Australian Securities and Investment Commission has frozen the assets of John Bigatton, BitConnect’s Australia representative.
A newly consolidated lawsuit has been filed against BitConnect, several months after several cases have been brought forth against the company's alleged fraudulent pyramid scheme at the beginning of 2018.
North Dakota regulators have issued cease-and-desist orders against three groups launching initial coin offerings (ICOs) in the state, including BitConnect.