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BitConnect

Project dossier · EN coverage

The evidence in one view: source records, cited claims and the editions that put them into context.

AI-assisted research · Independent human review pending

Investment schemes · Source record: Sep 30, 2026 · Checked: Oct 23, 2026
Cited claims
4
Source records
4
Related editions
3

What the evidence supports

Only claims cited in the visible editions appear here. Each retains its own evidence status.

Statements and quotations retain the editorial or source language.

  1. [1]Adjudicated finding

    DOJ's September 2022 record reports Glenn Arcaro's prison sentence and describes BitConnect payments to earlier investors from later investors' money.

    Supporting excerpt: U.S. Promoter of Foreign Cryptocurrency Company Sentenced to Prison for Role in Fraud Scheme
    paying earlier BitConnect investors with money from later investors
    U.S. Promoter of Foreign Cryptocurrency Company Sentenced to Prison for Role in Fraud Scheme ↗

    Source language: EN · Captured Oct 22, 2026

  2. [2]Filed allegation

    The separate February 2022 DOJ announcement charged BitConnect founder Satish Kumbhani; those charges must not be conflated with Arcaro's conviction.

    Supporting excerpt: BitConnect Founder Indicted in Global $2.4 Billion Cryptocurrency Scheme
    Indicted
    BitConnect Founder Indicted in Global $2.4 Billion Cryptocurrency Scheme ↗

    Source language: EN · Captured Oct 22, 2026

  3. [3]Adjudicated finding

    A 30 September 2026 SEC release reports judgments against Michael Noble on 17 July, Craig Grant on 7 August and Trevon Brown on 9 September. Their respective monetary obligations total approximately $1.07 million, $2.68 million and $1.99 million. These are civil securities-registration proceedings against those promoters, with different procedural outcomes. They should not be described as three new criminal fraud convictions or as Kumbhani's case outcome.

    Supporting excerpt: SEC.gov | Trevon Brown, Craig Grant, and Michael Noble
    September 30, 2026
    SEC.gov | Trevon Brown, Craig Grant, and Michael Noble ↗

    Source language: EN · Captured Oct 22, 2026

  4. [4]Source reported

    FTC consumer guidance warns about promised or guaranteed cryptocurrency profits.

    Supporting excerpt: What To Know About Cryptocurrency and Scams | Consumer Advice
    Nobody can make those guarantees.
    What To Know About Cryptocurrency and Scams | Consumer Advice ↗

    Source language: EN · Captured Oct 22, 2026

Source register

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