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U.S. v. Glenn Arcaro 21CR02542-TWR

Seeking Victims in BitConnect Investigation:

Please click here for the link to a brief questionnaire:  https://www.fbi.gov/resources/victim-services/seeking-victim-information/seeking-victims-in-bitconnect-investigation

Potential victims may send screenshots or other related documents to:  bccinvestor@fbi.gov

 

Victim Impact Statement

Download the claim form for this case HERE

 

Case Summary:

This case charges the defendant of participating in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, which defrauded investors from the Unites States and abroad of over $2 billion.  The BitConnect scheme is believed to be the largest cryptocurrency fraud ever charged criminally.  According to the Information, these wire fraud crimes were committed in and around the Southern District of California, across the United States, and internationally. 

Defendant:

GLENN ARCARO

 

Next Hearing Scheduled:

 

09/01/2021

2

Minute Entry for proceedings held before Magistrate Judge Mitchell D. Dembin: Initial Appearance as to Glenn Arcaro held on 9/1/2021. Defendant present in court; Brady advisal provided. Bond set as to Glenn Arcaro (1) $500,000 P/S + 1 FRRA (Mother) + $50,000 deposit. Arraignment on Information as to Glenn Arcaro (1) Count 1 held on 9/1/2021. Not Guilty plea entered. Defendant waived Indictment in open court. Change of Plea Hearing as to Glenn Arcaro held on 9/1/2021. Plea Tendered by Glenn Arcaro Guilty on count 1 of the Information. Excludable(s) started as to Glenn Arcaro: XK 9/1/21-11/15/21. PSR Ordered. Any objections to Findings due within 14 days. Sentence With PSR set for 11/15/2021 09:30 AM before Judge Todd W. Robinson. Plea agreement, consent and findings filed. Bond packet submitted/approved; abstract issued (fingerprint and release). (CD# 9/1/2021 MDD 1003-1025). (Plaintiff Attorney Kevin Lowell, AUSA; Daniel Silva, AUSA; Mark Pletcher, AUSA; Carl Brooker, AUSA). (Defendant Attorney Mary Andrues, RET; Vicki Podberesky, RET). (dls) (Entered: 09/01/2021)

10/07/2021 13  ORDER Granting 12 Motion to Continue as to Glenn Arcaro (1) Sentence With PSR set for 11/15/2021 at 09:30 AM is continued to 1/7/2022 at 09:30 AM in Courtroom 3A before Judge Todd W. Robinson. Signed by Judge Todd W. Robinson on 10/7/21.(sxa) (Entered: 10/07/2021)

 

Resources:

Victim-Witness brochure: 

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Justice Department Large Case information:  https://www.justice.gov/largecases

Press Releases:

Director and Promoter of BitConnect Pleads Guilty in Global $2 Billion Cryptocurrency Scheme

Almost $57 Million in Seized Cryptocurrency Being Sold for Victims of BitConnect Fraud

 

Court Documents:

Click for Information

 

Contact:

Southern District of California
Victim-Witness Program

Dina DeBoer, M.A. Forensic Psychology, CA
Nationally Credentialed Advocate
Victim-Witness Coordinator

dina.deboer@usdoj.gov
880 Front Street, Room 6293
San Diego, CA 92101
(619) 546-9493

 

Updated November 16, 2021

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