Who is Glenn Arcaro?

SAN DIEGO—Glenn Arcaro of Los Angeles pleaded guilty today in federal court for his participation in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, which defrauded investors from the United States and abroad of over $2 billion.

When is Glenn Arcaro restitution hearing?

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.

How much did Glenn Arcaro earn from Bitconnect?

Glenn Arcaro admitted that he earned no less than $24 million from the BitConnect fraud conspiracy, all of which, according to court documents, he must repay to investors. In a parallel action, the U.S. Securities and Exchange Commission (SEC) announced civil charges against Arcaro and 3 others in connection with the same conduct.

What time Will Glenn Arcaro be sentenced?

According to the Information, these wire fraud crimes were committed in and around the Southern District of California, across the United States, and internationally. Sentencing Hearing for Defendant Glenn Arcaro previously set for May 6, 2022 at 09:30 AM is continued to July 1, 2022 at 09:30 AM before Hon. Todd Robinson.