📣 Attention crypto-investors! John Louis Anthony Bigatton,

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📣 Attention crypto-investors! John Louis Anthony Bigatton, national promoter of the defunct BitConnect exchange, pleaded guilty to promoting unlicensed cryptocurrency lending services. BitConnect, accused of being a Ponzi scheme, shut down in 2018 after allegedly defrauding victims of more than $2.4 billion. Bigatton offered financial advice on six occasions in Australia, through seminars and social media posts. Investors were encouraged to buy the BitConnect coin (BCC) and lend it out in exchange for high interest rates. However, once invested, they could not control their loans or withdraw their money until the loan period was over. The sentence will be handed down on July 5. What do you think of this case? Share your thoughts in the comments. 💭#cryptonews#BitConnect

📣 Attention crypto-investors! John Louis Anthony Bigatton, national promoter of the defunct BitConnect exchange, pleaded guilty to promoting unlicensed cryptocurrency lending services. BitConnect, accused of being a Ponzi scheme, shut down in 2018 after allegedly defrauding victims of more than $2.4 billion.
Bigatton offered financial advice on six occasions in Australia, through seminars and social media posts. Investors were encouraged to buy the BitConnect coin (BCC) and lend it out in exchange for high interest rates. However, once invested, they could not control their loans or withdraw their money until the loan period was over.
The sentence will be handed down on July 5. What do you think of this case? Share your thoughts in the comments. 💭#cryptonews#BitConnect

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