L4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agoSam Bankman-Fried is going to jailarstechnica.comexternal-linkmessage-square32fedilinkarrow-up1495arrow-down18file-textcross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.footechnews@radiation.partybrainworms@lemm.ee
arrow-up1487arrow-down1external-linkSam Bankman-Fried is going to jailarstechnica.comL4sBot@lemmy.worldMB to Technology@lemmy.worldEnglish · 1 year agomessage-square32fedilinkfile-textcross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.footechnews@radiation.partybrainworms@lemm.ee
minus-squarerockSlayer@lemmy.worldlinkfedilinkEnglisharrow-up31arrow-down3·1 year agoThat was his real crime. He stole rich people money. Where’s the CEO of bitconnect? Not in jail, I can tell you that.
minus-squareThis is fine🔥🐶☕🔥@lemmy.worldlinkfedilinkEnglisharrow-up10·1 year agoGlenn Arcaro was sentenced to 38 months in September 2022
minus-squarerockSlayer@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoArcaro was an American co-conspirator, not the CEO
minus-squareThis is fine🔥🐶☕🔥@lemmy.worldlinkfedilinkEnglisharrow-up1·1 year agoAFAIK the CEO was not in America when BitConnect scam got exposed. He was in India and managed to disappear. If found, he faces 70 years in prison. Arcaro was the second in command. That’s better than nothing.
minus-squarerockSlayer@lemmy.worldlinkfedilinkEnglisharrow-up2·1 year agoBitconnect was a crypto ponzi scheme
That was his real crime. He stole rich people money. Where’s the CEO of bitconnect? Not in jail, I can tell you that.
Glenn Arcaro was sentenced to 38 months in September 2022
Arcaro was an American co-conspirator, not the CEO
AFAIK the CEO was not in America when BitConnect scam got exposed. He was in India and managed to disappear. If found, he faces 70 years in prison. Arcaro was the second in command. That’s better than nothing.
What did he do?
Bitconnect was a crypto ponzi scheme