Arcaro has already pleaded guilty to BitConnect-related activity, including to charges of conspiracy to commit wire fraud. BitConnect was one of the largest crypto scams. It is estimated that it cheated investors out of $2 billion during its 2017 ICO peak. Arcaro and Future Money have agreed on the entry of judgments. Arcaro is permanently…
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ASIC alleges that Bigatton served as a Australian National Representative of an online cryptocurrency platform BitConnect and cryptocurrency investment scheme BitConnect Lending Platform between 14 August 2017 and 18 January 2018. ASIC claims Bigatton operated an unregistered managed investment scheme known as the BitConnect Lending Platform in Australia and that he provided unlicensed financial advice…
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The Australian watchdog found that Bigatton provided unlicensed financial product advice. His conduct was also misleading and deceiving in promotion of BitConnect and the BitConnect Lending Platform. The Commission stated that Bigatton is not fit to provide financial services or adequately trained. Read More: ASIC bans Brisbane finance broker and cancels the license of Global…
Read moreThe Ontario Securities Commission (OSC) has just made a warning against BitConnect. BitConnect manages the websites bitconnect.co and bitconnectcoin.co, where it claims to operate an online exchange platform known as the BCC Exchange. These sites offer multiple investment opportunities that include “mining”, “trading” and “staking” BitConnect Coin, which is also known as BCC Coin. BitConnect…
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