Australia: Regulators Freezes Assets of BitConnect Promoter John Bigatton

bitconnect crypto scam

John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the Australian Securities and Investments Commission (ASIC), functions very similarly to the Securities and Exchange Commission in the United States. Bigatton cant travel, as part of the ongoing investigation.

In the video below, Bigatton celebrates with BitConnect victims as cash rains to a Star Wars theme.

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Bigatton is also a director and shareholder in BitConnect International. BitConnect as a whole is under investigation by several international bodies, including the FBI in the US. People like Trevon James, a notorious Bitcoin pumper who remains active on social media promoting and discussing cryptocurrencies, are the target of investigations in the US.

Bigatton must divulge all of his assets to Australian federal authorities. This includes his cryptocurrencies and any exchange accounts. As the Sydney Morning Herald wrote:

ASIC launched action to freeze Mr Bigattons assets in December. On ASICs request, Federal Court justice Michael Gleeson issued orders for Mr Bigatton to disclose all bank accounts, a list of the locations of all cryptocurrencies held by him and any escrow accounts holding any crytocurrencies.

Bigatton has been a registered financial advisor and had multiple affiliations within that industry. The disgrace of the BitConnect collapse puts a damper on his career. According to a class action lawsuit filed in Florida, BitConnect promoters promised investors up to 40% returns.

Bigatton is still listed on the About Us page of a company called Wealth Synergy.

Bigattons Wife Still Missing

A company called JBs Investment Management is also part of the ASIC movement. Clearly, the JB stands for John Bigatton. However, this company has one shareholder and director – Bigattons wife, Madeline. As part of their actions against him, ASIC also froze all assets related to JBIM. This is where the story gets interesting.

Last March, Madeline Bigatton went missing. Police are currently treating it as a missing persons and potential homicide case. Details may emerge in the future which tell a different tale. Possibilities include her potentially absconding with cash as ...

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Tags: Asset, John Bigatton, United States, Australian Securities and Investments Commission, Star Wars, Australia, U.S. Securities and Exchange Commission, The Sydney Morning Herald, Financial adviser, Federal Bureau of Investigation