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Top Australian BitConnect promoter banned by ASIC for 7 years

The Australian Securities and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, the former ‘Australian National Representative’ of the multi-billion-dollar crypto Ponzi scheme BitConnect, from providing financial services for seven years.ASIC asserts that the New South Wales resident provided unlicensed financial product advice and engaged in misleading and deceptive conduct while working for BitConnect from August 2017 through January 2018.While an investigation is still ongoing, the regulator has found that:“Mr. Bigatton is not a fit and proper person to provide financial services: is not adequately trained, or is not