Securities and Exchange Commission v. BitConnect et al
| Securities and Exchange Commission |
| BitConnect, Satish Kumbhani, Glenn Arcaro and Future Money Ltd. |
| Trial Attorney U.S. Department Of Justice |
| 1:2021cv07349 |
| September 1, 2021 |
| U.S. District Court for the Southern District of New York |
| John G Koeltl |
| Securities/Commodities |
| 15 U.S.C. § 77 Securities Fraud |
| Plaintiff |
Docket Report
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This docket was last retrieved on September 29, 2023. A more recent docket listing may be available from PACER.
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Filing 35
MEMO ENDORSEMENT on re: #34 Status Report filed by Securities and Exchange Commission. ENDORSEMENT: Application granted and the SEC should provide another status update by 3/3/23. SO ORDERED. (Signed by Judge John G. Koeltl on 11/25/2022) (jca)
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Filing 34
STATUS REPORT. Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 33
MEMO ENDORSEMENT on re: #32 Status Report filed by Securities and Exchange Commission, ENDORSEMENT: Application granted. SO ORDERED (Signed by Judge John G. Koeltl on 8/25/2022) ( Service due by 11/30/2022.) (ks)
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Filing 32
STATUS REPORT. Status Report on Efforts to Serve Kumbhani and BitConnect and Request for Additional Time to Serve Defendants Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 31
MEMO ENDORSEMENT: on re: #30 Status Report filed by Securities and Exchange Commission. ENDORSEMENT: Application Granted. SO ORDERED., ( Service due by 8/28/2022.) (Signed by Judge John G. Koeltl on 5/26/2022) (ama)
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Filing 30
STATUS REPORT. Status Report on Efforts to Serve Defendants Kumbhani and BitConnect and Request for Extension of Time to Complete Service Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 29
MEMO ENDORSEMENT on re: #28 Status Report filed by Securities and Exchange Commission, ENDORSEMENT: Application granted. The stay is modified to allow service of process on defendants Kumbhani and Bitmex and the time to serve (if applicable) is extended to 5/30/22. So Ordered. (Signed by Judge John G. Koeltl on 3/1/2022) ( Service due by 5/30/2022.) (ks)
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Filing 28
STATUS REPORT. Plaintiff SEC's Status Report on Service on Defendants Kumbhani and BitConnect and Request For Extension of Time to Serve Defendants Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 27
ORDER granting #23 Motion to Intervene; granting #23 Motion to Stay re: #23 MOTION to Intervene . MOTION to Stay . And there being no opposition, HEREBY ORDERS THAT: Pending resolution of the criminal matter captioned United States v. Glenn Arcaro, 21-CR-2542-TWR (S.D. Cal., Sept. 1, 2021), and the conclusion of the criminal investigation, the Civil Case proceedings are stayed and the Securities and Exchange Commission, defendants BitConnect, Satish Kumbhani, Glenn Arcaro, and Future Money Ltd., will not seek discovery in the Civil Case from one another or from third parties. IT IS SO ORDERED.. (Signed by Judge John G. Koeltl on 12/15/2021) (ks)
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Filing 26
JUDGMENT AS TO DEFENDANT FUTURE MONEY LTD.: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Section 5 of the Securities Act of 1933 ("Securities Act") (15 U.S.C. 77e] by, directly or indirectly, in the absence of any applicable exemption: As further set forth in this order. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is incorporated herein with the same force and effect as if fully set forth herein, and that Defendant shall comply with all of the undertakings and agreements set forth therein. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Judgment. There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Judgment forthwith and without further notice. (Signed by Judge John G. Koeltl on 12/3/2021) Future Money Ltd. terminated. (ks)
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Filing 25
JUDGMENT AS TO DEFENDANT GLENN ARCARO: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating Section 5 of the Securities Act of 1933 ("Securities Act") [15 U.S.C. 77e] by, directly or indirectly, in the absence of any applicable exemption: As further set forth in this order. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Judgment. There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Judgment forthwith and without further notice. (Signed by Judge John G. Koeltl on 12/3/2021) Glenn Arcaro terminated. (ks)
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Filing 24
MOTION to Approve Consent Judgment Proposed Consent Judgments as to Defendants Glenn Arcaro and Future Money Ltd.. Document filed by Securities and Exchange Commission. (Attachments: #1 Exhibit Exh A Consent and Proposed Judgment as to Defendant Glenn Arcaro, #2 Exhibit Exh B Consent and Proposed Judgment as to Defendant Future Money Ltd.).(Primoff, Richard)
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Filing 23
MOTION to Intervene ., MOTION to Stay . Document filed by U.S. Department Of Justice. (Attachments: #1 Memorandum in Support, #2 Text of Proposed Order).(Lowell, Kevin)
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Filing 22
NOTICE OF APPEARANCE by Kevin Lowell on behalf of U.S. Department Of Justice..(Lowell, Kevin)
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Filing 21
ORDER: The conference adjourned from December 2, 2021, will be held on March 1, 2022, at 2:30pm. SO ORDERED. (Signed by Judge John G. Koeltl on 11/18/2021) ( Status Conference set for 3/1/2022 at 02:30 PM before Judge John G. Koeltl.) (ks)
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Filing 20
ORDER granting #19 Letter Motion to Adjourn Conference. Application granted. Time to serve Kumbhani and Bitconnect extended to 2/28/22. Conference adjourned from 12/2/21 to 3/1/22. So ordered. (Signed by Judge John G. Koeltl on 11/17/2021) (ate)
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Filing 19
CONSENT LETTER MOTION to Adjourn Conference and Status Update addressed to Judge John G. Koeltl from Richard G. Primoff dated 11/16/21. Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 18
ORDER granting #17 Letter Motion for Extension of Time to Answer re #17 LETTER MOTION for Extension of Time to File Answer addressed to Judge John G. Koeltl from Mary Carter Andrues dated November 1, 2021., #1 Complaint. APPLICATION GRANTED. SO ORDERED. Glenn Arcaro answer due 12/8/2021; Future Money Ltd. answer due 12/8/2021. (Signed by Judge John G. Koeltl on 11/1/2021) (tg)
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Filing 17
LETTER MOTION for Extension of Time to File Answer addressed to Judge John G. Koeltl from Mary Carter Andrues dated November 1, 2021. Document filed by Glenn Arcaro, Future Money Ltd...(Andrues, Mary)
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Filing 16
ORDER FOR ADMISSION PRO HAC VICE granting #15 Motion for Mary Carter Andrues to Appear Pro Hac Vice. (Signed by Judge John G. Koeltl on 10/21/2021) (ks)
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>>>NOTICE REGARDING PRO HAC VICE MOTION. Regarding Document No. #15 MOTION for Mary Carter Andrues to Appear Pro Hac Vice . Filing fee $ 200.00, receipt number ANYSDC-25217154. Motion and supporting papers to be reviewed by Clerk's Office staff.. The document has been reviewed and there are no deficiencies. (bcu)
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Filing 15
MOTION for Mary Carter Andrues to Appear Pro Hac Vice . Filing fee $ 200.00, receipt number ANYSDC-25217154. Motion and supporting papers to be reviewed by Clerk's Office staff. Document filed by Glenn Arcaro, Future Money Ltd.. (Attachments: #1 Declaration of Mary Carter Andrues, #2 Text of Proposed Order).(Andrues, Mary)
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Filing 14
RULE 7.1 CORPORATE DISCLOSURE STATEMENT. No Corporate Parent. Document filed by Future Money Ltd...(Malar, Dillon)
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Filing 13
NOTICE OF APPEARANCE by Dillon Hoey Malar on behalf of Glenn Arcaro, Future Money Ltd...(Malar, Dillon)
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Minute Entry for proceedings held before Judge John G. Koeltl: Initial Conference set for 12/2/2021 at 02:30 PM before Judge John G. Koeltl. Dial-in: 888 363-4749, with access code 8140049. (Fletcher, Donnie)
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Filing 12
WAIVER OF SERVICE RETURNED EXECUTED. Future Money Ltd. waiver sent on 9/8/2021, answer due 11/8/2021. Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 11
WAIVER OF SERVICE RETURNED EXECUTED. Glenn Arcaro waiver sent on 9/8/2021, answer due 11/8/2021. Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 10
ELECTRONIC SUMMONS ISSUED as to Glenn Arcaro..(jgo)
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Filing 9
NOTICE OF APPEARANCE by John O'Donnell Enright on behalf of Securities and Exchange Commission..(Enright, John)
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CASE ACCEPTED AS RELATED. Create association to 1:21-cv-04791-JGK. Notice of Assignment to follow. (vba)
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Magistrate Judge Sarah L. Cave is so designated. Pursuant to 28 U.S.C. Section 636(c) and Fed. R. Civ. P. 73(b)(1) parties are notified that they may consent to proceed before a United States Magistrate Judge. Parties who wish to consent may access the necessary form at the following link: #https://nysd.uscourts.gov/sites/default/files/2018-06/AO-3.pdf. (vba)
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NOTICE OF CASE REASSIGNMENT to Judge John G. Koeltl. Judge Unassigned is no longer assigned to the case. (vba)
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Filing 8
REQUEST FOR ISSUANCE OF SUMMONS as to Glenn Arcaro, re: #1 Complaint. Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 7
ELECTRONIC SUMMONS ISSUED as to Future Money Ltd.. (vf)
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***NOTICE TO ATTORNEY REGARDING DEFICIENT REQUEST FOR ISSUANCE OF SUMMONS. Notice to Attorney Richard G Primoff to RE-FILE Document No. #5 Request for Issuance of Summons. The filing is deficient for the following reason(s): defendant party name error; party name must correspond to pleading caption. Re-file the document using the event type Request for Issuance of Summons found under the event list Service of Process - select the correct filer/filers - and attach the correct summons form PDF. (vf)
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CASE REFERRED TO Judge John G. Koeltl as possibly related to 1:21cv4791. (vf)
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Case Designated ECF. (vf)
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CASE OPENING INITIAL ASSIGNMENT NOTICE: The above-entitled action is assigned to Judge Unassigned. (vf)
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Filing 6
REQUEST FOR ISSUANCE OF SUMMONS as to Future Money Ltd., re: #1 Complaint. Document filed by Securities and Exchange Commission..(Primoff, Richard)
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Filing 5
FILING ERROR - DEFICIENT- SUMMONS REQUEST - REQUEST FOR ISSUANCE OF SUMMONS as to Glenn Arcaro, re: #1 Complaint. Document filed by Securities and Exchange Commission..(Primoff, Richard) Modified on 9/2/2021 (vf).
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Filing 4
NOTICE OF APPEARANCE by Richard G Primoff on behalf of Securities and Exchange Commission..(Primoff, Richard)
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Filing 3
RELATED CASE AFFIRMATION of Richard R. Best re: that this action be filed as related to 21-4791. Document filed by Securities and Exchange Commission..(Best, Richard)
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Filing 2
CIVIL COVER SHEET filed..(Best, Richard)
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Filing 1
COMPLAINT against Glenn Arcaro, BitConnect, Future Money Ltd., Satish Kumbhani. Document filed by Securities and Exchange Commission..(Best, Richard)
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