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

Victim Impact Statement

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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:

Restitution Hearing for Defendant Glenn Arcaro is set for January 12, 2023 at 1:30 PM before Hon. Todd Robinson.

Courtroom 3A (third floor)

Edward J. Schwartz
United States Courthouse
221 West Broadway
San Diego, CA 92101

 

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)
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)

 

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Contact:

Victim-Witness Unit
U.S. Attorney’s Office
Southern District of California
U.S. Department of Justice

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Updated September 26, 2022