Australian BitConnect Promoter Convicted for Providing Unlicensed Financial Advice
John Bigatton, the Australian promoter of the defunct cryptocurrency exchange BitConnect, has been convicted by the Sydney District Court for providing unlicensed financial advice. He was sentenced to a three-year recognizance of good behavior and disqualified from managing corporations for five years. Bigatton promoted BitConnect through seminars and social media, promising high returns to investors. ASIC Deputy Chair Sarah Court stated that providing unlicensed financial advice undermines trust and confidence in Australia’s financial services industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Spot Margin Announcement on Suspension of ELX/USDT Margin Trading Services
Enjoy perks for new grid traders and receive dual rewards totaling 150 USDT
Bitget Spot Margin Announcement on Suspension of BEAM/USDT, ZEREBRO/USDT, AVAIL/USDT, HIPPO/USDT, ORBS/USDT Margin Trading Services
Bitget Spot Margin Announcement on Suspension of MAVIA/USDT, BADGER/USDT, BAN/USDT, PONKE/USDT, FLOCK/USDT Margin Trading Services
