BitConnect HAMMERED by Texas Regulators

in crypto •  7 years ago 

It's all over the news. BitConnect has been declared a Ponzi Scheme and in violation of state law. The company is attempting to sell securities without holding a license. So, it's against the law. It also makes tall promises that a mere $1000 will turn in $50 million in a few years.

Is BitConnect really a scam?

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not a scam

Explain, how so?