Bitconnect: The Wannabe Bitcoin Ponzi Scheme | Multi Level Mondays
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BitConnect and the Texas State Securities Board
The Texas State Securities Board issued an emergency cease and desist over to BitConnect on January 3, 2018. They were accused of using misleading and deceptive statements by not clearly disclosing the risks involved in investing in cryptocurrencies. Other sources say another fishy thing about the software was that they didn't just give out profits in Bitcoin, but only BitConnect currency. Nevertheless, BitConnect is still operating and BCCs are still trading.
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