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SEC obtains judgment against BitConnect’s lead promoter

The Securities and Exchange Commission (SEC) has obtained a judgment against the the lead promoter of alleged Ponzi scheme BitConnect, according to a new release from the regulator. The United States District Court for the Southern District of New York entered judgments against Glenn Arcaro, BitConnect’s lead U.S. promoter. Arcaro allegedly promoted BitConnect to retail investors in the U.S. and used his company, Future Money Ltd., to lure prospective investors to the scheme.  The SEC first filed the complaint against …