Ken Fitzsimmons

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Ken Fitzsimmons is an entrepreneur, blockchain enthusiast, and accused scammer from the United Kingdom ​. [6] ​ He is the founder of BitConnect ​, a cryptocurrency that has been accussed of being a Ponzi scheme ​. [4]

Overview

Ken filed to create BitConnect on July 14th, 2016. [3] ​ 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. [4]

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. [6] ​ Cease and Desist letters were sent out by regulators in Texas ​ and Oklahoma ​ in January of 2018. On January 16th, 2017, BitConnect shuttered its lending platform, causing the cryptocurrency to lose over 85% of its value. [5]

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