U.S. v. Glenn Arcaro 21CR02542-TWR
Victim Impact Statement
NOTE: THE DEADLINE TO SUBMIT ANY VICTIM IMPACT STATEMENTS AND CLAIMS FOR POTENTIAL RESTITUTION IS DECEMBER 16, 2022 AT 5:00 PM (PST).
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.
Next Hearing Scheduled:
The Restitution Hearing for Defendant Glenn Arcaro has been set for January 12, 2023, 01:30 PM (Pacific Standard Time) at U.S. District Court, Southern District of California, 221 West Broadway, San Diego, CA 92101 before Judge Todd Robinson.
Courtroom 3A (third floor)
Edward J. Schwartz
United States Courthouse
221 West Broadway
San Diego, CA 92101
On the date of the hearing, victims may dial into the "Listen-Only" telephone number by dialing:
USA Toll-Free Number: (888) 278-0296
USA Caller Paid/International Toll: (214) 765-0479
Access Code: 9116135
NOTE: Please call in approximately 10 minutes prior to the hearing start time and place your phone on mute for the entirety of the hearing. The Court will not permit any persons to address the Court directly during this hearing.
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)|
|12/08/2021||22||ORDER granting 21 Joint Motion to Continue Sentencing as to Glenn Arcaro (1) Sentence With PSR set for 5/6/2022 09:30 AM before Judge Todd W. Robinson.. Signed by Judge Todd W. Robinson on 12/8/2021.(fth) (dlg). (Entered: 12/08/2021)|
|06/09/2022||33||ORDER Continuing Sentencing Hearing as to Glenn Arcaro. Sentence With PSR set for 9/16/2022 09:30 AM before Judge Todd W. Robinson. Signed by Judge Todd W. Robinson on 6/9/2022. (fth) (Entered: 06/09/2022)|
|09/16/2022||52||Minute Entry for proceedings held before Judge Todd W. Robinson: Defendant present on bond. Sentence With PSR Hearing held on 9/16/2022 for Glenn Arcaro (1), as to Count(s) 1 of the Information; Committed to custody of BOP for a term of 38 months. 3 years supervised release to follow. Special assessment of $100.00 imposed. No fine. Appeal waived. Self-surrender and Restitution Hearing set for 1/12/2023 01:30 PM in Courtroom 3A before Judge Todd W. Robinson. (Court Reporter/ECR Cami Kircher). (Plaintiff Attorney AUSA Carl Brooker, Lisa Sanniti, Mark Pletcher). (Defendant Attorney Mary Andrues, Ret.). (USPO Kristen Aponte). (no document attached) (jao) (Entered: 09/19/2022)|
|12/06/2022||58||ORDER granting Imposing Restitution Claim Deadline 57 as to Glenn Arcaro (1). Signed by Judge Todd W. Robinson on 12/05/2022.(cxl1) (Entered: 12/07/2022)|
|01/12/2023||63||Minute Entry for proceedings held before Judge Todd W. Robinson: Defendant present on bond. Restitution Hearing as to Glenn Arcaro held on 1/12/2023. Status Hearing to confirm self-surrender set for 1/20/2023 09:30 AM in Courtroom 3A before Judge Todd W. Robinson. Written Restitution Order and Forfeiture Order to follow. (Court Reporter/ECR Cami Kircher). (Plaintiff Attorney AUSA Carl Brooker, Mark Pletcher, David Rawls). (Defendant Attorney Mary Andrues, Ret.). (PTS Joje Rojo). (no document attached) (jao) (Entered: 01/12/2023)|
Victims of BitConnect Scheme to Receive More than $17 Million to Compensate for Losses
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Justice Department Large Case information: https://www.justice.gov/largecases
U.S. Attorney’s Office
Southern District of California
U.S. Department of Justice