The Australian representative of the notorious BtiConnect crypto currency pyramid scheme has copped a multi-year ban by the financial services watchdog.
John Biggaton was deemed by the Australian Securities and Investments Commission to be not a fit and proper person to provide financial services.
Biggaton was also found likely to contravene a financial services law, ASIC said.
The New South Wales resident is now banned by ASIC from providing financial services.
BitConnect is thought to be the largest crypto-currency scam so far, with over four billion dollars having vanished.
It closed down two years ago, having swindled a number of Australians out of their savings.
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