A senior promoter of Bitconnect was arrested at Delhi Airport in India because he was involved in the multi-billion dollar Ponzi scheme that exploded earlier this year.
Bitconnect is touted as a multi-level marketing company where trading robots will generate revenue for investors over time. Funds will be deposited, locked for a period of time without a withdrawal option, and then returned with interest. Investors are rewarded for introducing new employee investments.
https://www.ccn.com/indian-police-arrest-asian-chief-of-multi-billion-crypto-scheme-bitconnect/
This is the risk if involved in a Ponzi scheme, Ponzi promoters are indeed worth investigating even though they are not part of the project team because most of them know that Ponzi schemes will only kill downlines but still promote and refer people to be their downlines because what they have in mind is only profit for themselves Bitconnect is touted as a multi-level marketing company where trading robots will generate revenue for investors over time. Funds will be deposited, locked for a period of time without a withdrawal option, and then returned with interest. Investors are rewarded for introducing new employee investments.
https://www.ccn.com/indian-police-arrest-asian-chief-of-multi-billion-crypto-scheme-bitconnect/
