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Glenn Arcaro’s BitConnect sentencing pushed to 2022



Glenn Arcaro’s BitConnect sentencing has been pushed to 2022.

As per a joint motion filed on October 6th, the DOJ and still working through “matters affecting sentencing”.

Additionally, the parties are working on forfeiture and restitution issues that will take additional time to complete.

Arcaro (right) pled guilty to charges related to his involvement in BitConnect last month.

A separate lawsuit filed by the SEC alleges Arcaro, as BitConnect’s US National Promoter, received $24 million.

BitConnect itself was a $2 billion dollar Ponzi scheme, the largest criminal crypto case the DOJ has filed to date.

The Blogger Scientist is a "Medical Physiologist" and a "Financial Asset" Content Creator who aims at enlightening web reader on varying Financial Assets such as Stocks, FX, Crypto, MLM,. HYIP among others.

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