3 Bitconnect promoters settled with over $12 Million fine

The SEC reached at the end of settlement with the 3 promoters of Bitconnect Investment website. According to the SEC, the case is still not over.

Bitconnect.com, a biggest crypto Investment website which was famous for their direct stacking plan, now comes into light when the SEC declared a settlement fine amount for the three top promoters in Bitconnect promotion.

Read also: 5 BIGGEST INVESTMENT SCAM IN CRYPTOCURRENCY HISTORY

The case on three persons Jeppesen, Noble, and Mascola was started on May 28, 2021 with the SEC. According to the SEC, these promoters played a vital role in promoting the Bitconnect Ponzi scheme website. 

Now in a recent report, SEC will grab a fine as a settlement amount of $12 million from these three people in crypto assets including Bitcoin & dollars. 

“On August 13, 2021, the United States District Court for the Southern District of New York entered a judgment against Michael Noble (a.k.a. Michael Crypto) and a final judgment against Joshua Jeppesen for their involvement with BitConnect and the promotion of its “lending program.” The court also entered a final judgment against Laura Mascola as a relief defendant. Pursuant to the judgments, the defendants and relief defendant have been ordered to collectively pay more than $3.5 million and 190 Bitcoin in disgorgement and prejudgment interest.”

But this case is still not over. Because the SEC mentioned other names on the same document Maasen, Graig Grant, and the more popular Trevon Jones. 

This clearly indicates that the case is still pending and also the Agency will do all possible research & Investigation so that they can reach the best end to solve the case by catching all the scammers involved in Bitconnect.

Read also: $1,000 Worth of Bitcoin to Every citizen of Missouri