BitConnect Promoters Pay $12M in Cash, Bitcoin to Settle $2B Alleged Scam

From decrypt.co

BitConnect is one of the most famous alleged scams in the history of cryptocurrency, and while the project shut down in 2018 after raising some $2 billion from investors, regulators are still chasing the alleged perpetrators. The United States Securities and Exchange Commission (SEC) filed suit this May, and this week, the agency revealed that it has reached a settlement with some of the involved individuals. The SEC announced yesterday that it has secured a settlement of 190 Bitcoin—worth $9.25 million as of this writing—and more than $3.5 million in cash from defendants Joshua Jeppesen, Michael Noble (a.k.a. ... (full story)