Beware of BitConnect – Review Part 2

According to a supplementary motion submitted by the DOJ, Michael Noble might be charged with a crime related to BitConnect.

The DOJ requests a halt to Noble’s SEC case in a document filed on February 14.

The application asks that an existing order, which stopped legal action against Trevon James and Craig Grant, be modified.

The Government respectfully asks the Court to amend the December 15, 2021, Stay Order so that civil defendant Michael Noble is covered by its provisions.

The SEC’s claims for disgorgement, pre-judgment interest, and civil money penalties against Michael Noble are still outstanding as a result of the partial judgment on the consent that was issued to him, even though the docket indicates that the action against Noble was concluded.

To put it briefly, the DOJ wants to stop the financial aspect of the SEC’s lawsuit against Noble.

Due to a mistake, Noble (right) wasn’t included in the first November motion.

The mistaken exclusion of Noble from the Government’s motion papers and the Stay Order was discovered by the Government and the SEC upon entry of the Stay Order.

On February 14th, he notified the DOJ that he disagreed with the sought stay after discussions with Noble over the oversight.

This served to publicize the DOJ filing that day.

The Government submits the current Motion to Clarify and Perfect the Record in light of the passing of time since the entry of the Stay Order.

The court gave Noble until March 1st to submit a response to the DOJ’s additional filing on February 16th.

The case will thereafter be the subject of a hearing at a later time.

The claimed justification for the DOJ’s request for a stay reiterates what is already known about the defendants Craig Grant and Trevon James.

Due to the continuing grand jury investigation and concurrent criminal case, United States v. Glenn Arcaro, which is now being heard in the Southern District of California, a stay of civil actions is necessary.

Both the civil and criminal cases revolve around the same fundamental facts.

Glenn Arcaro (right) has previously settled after being separately sued by the SEC.

Arcaro has also admitted guilt to the criminal allegations made against him by BitConnect.

Trevon James (also known as Trevon Brown), Craig Grant, Joshua Jeppesen, Ryan Maasen, and Michael Noble have been named defendants in the SEC’s BitConnect promotion case.

James, Grant, and now Noble remain the suspected subjects of grand jury investigations because the DOJ did not request a stay of the proceedings relating to Jeppesen and Maasen.

Grand jury hearings are kept confidential. We are unlikely to hear much more until they are over and, I assume until arrests are made.

James continues to advertise shady cryptocurrency investment ideas on YouTube under the alias “TrVon”:

It’s thought that James is still a resident in North Carolina.

Shortly after the SEC launched its civil lawsuit, Craig Grant left the country.

In the heart of Jamaica, Grant is said to be hiding. Finding him has proven challenging for the SEC.

Grant had been using YouTube to capture his life on the run, but at the beginning of December, he erased all of his Jamaican videos.

Grant currently posts videos from Jamaica on Twitter as “Dulse Poger” (@craigonesun):

Grant keeps endorsing shady bitcoin investment ideas, much like James.

Michael Noble went quiet once BitConnect failed, in contrast to James and Grant.

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