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

Cointelegraph

Published Sep 01, 2021 10:13PM ET

Updated Sep 02, 2021 12:00AM ET

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

He has been ordered to pay back $24 million to investors.

h3 'Fraudulent marketing'/h3 h3 New SEC charges/h3

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