Business
Australian accused of promoting alleged $US2.5b BitConnect Ponzi scheme charged – Sydney Morning Herald
Australian man faces up to 10 years in jail if convicted on charges he misled investors in a massive cryptocurrency scheme.
BitConnect was an online currency platform with a market capitalisation of $US2.5 billion. It held glitzy events around the world that showcased the benefits of investing in its platform, including large seminars in Australia. One video of a conference shows money raining from the sky as the Star Wars theme plays.
BitConnect collapsed in early 2018 wiping out that investment.
Mr Bigatton, from the southern Sydney suburb of Carss Park, is yet to enter a plea. He has been charged with four counts…
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