Ken Fitzsimmons is an entrepreneur, blockchain enthusiast, and accused scammer from the United Kingdom. He is the founder of BitConnect, a cryptocurrency that has been accussed of being a ponzi scheme.
Ken filed to create BitConnect on July 14th, 2016. Although Ken owns 75% of the shares in the company that runs BitConnect, there was no mention of him on the official BitConnect website and no one could describe his involvement in BitConnect.
BitConnect Legal Troubles
On July 11th, 2017, BitConnect was threatened by the UK Registrar of Companies to be forced to close closure as well as have their assets seized if unless they could prove that they were not a ponzi scheme. Cease-and-desist letters were sent out by regulators in Texas and Oklahoma in January of 2018. On January 16, 2018, BitConnect shuttered its lending platform, causing the cryptocurrency to lose over 85% of its value.