Bitconnect promoter pleads guilty to Ponzi scheme, as platform faces new SEC charges By Cointelegraph

Bitconnect promoter pleads guilty to Ponzi scheme, as platform faces new SEC charges

Former director and promoter of the notorious Bitconnect Ponzi scheme, Glenn Arcaro, has pleaded guilty to fraud charges related to his role in the now defunct crypto exchange and lending platform.

He was ordered to pay back $ 24 million to investors.

“Fraudulent marketing”

New SEC fees

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