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SEC Indicts BitConnect Founder and Lead US Promoter

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upamfva:
SEC Indicts BitConnect Founder and Lead US Promoter



The US Securities and Exchange Commission (SEC) has continued its efforts against multi-billion dollar crypto scam BitConnect and brought fraud charges against its Founder, Satish Kumbhani, and its top US promoter, Glenn Arcaro and his affiliate.To get more news about SEC Indicts BitConnect Founder and Lead US Promoter, you can visit wikifx.com official website.
　　This action came after the market regulator settled charges with another three US BitConnect promoters last month for a hefty disgorgement amount and fine.
　　BitConnect is one of the largest crypto scams that was pulled off during the initial coin offering (ICO) craze. According to the SEC, the scheme siphoned off $2 billion from retail investors around the world by promising massive returns.
　　The scheme created a network of promoters around the country to spread the word about the fraudulent scheme. Arcaro was the lead national promoter of BitConnect and lured investors through his website, Future Money. He has already pled guilty to other criminal charges against him.
　　Traping Investors with False Claims
　　The regulator filed the latest complaint at the United States District Court in the Southern District of New York and alleged that the defendants sold unregistered securities in a fraudulent offering from early 2017 through to January 2018. In addition, it mentioned BitConnects false promise of deploying trading bots to generate profits.
　　The SEC pointed out that Bitconnect and Kumbhani siphoned the proceeds to the wallets controlled by them and used the funds for their own benefits.
　　The formal complaint charged all the defendants for violating the antifraud and registration provisions of the federal securities laws. The SEC is now seeking injunctive relief, disgorgement and civil penalties.
　　Commenting on the case, Lara Shalov Mehraban, Associate Regional Director of SECs New York Regional Office, said: “We allege that these defendants stole billions of dollars from retail investors around the world by exploiting their interest in digital assets. We will aggressively pursue and hold accountable those who engage in misconduct in the digital asset space.”

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FrankJScott:
What are the primary benefits of Autonomous Mobile Robots
 
1. Flexibility - Accrorated
Autonomous Mobile Robots are flexible and agile because they rely on their onboard sensors and cameras for operation. Autonomous Mobile Robots don't need to follow predetermined routes. They can instead design their individual efficient routes within a facility. This helps them avoid obstacles. Autonomous Mobile Robots have the ability to switch to new tasks much faster than other automation techniques. Check out this Intralogistics robots info for more.
 
2. Safety is the top priority
Autonomous Mobile Robots are packed to the gills with cameras and sensors. These cameras and sensors allow the Autonomous Mobile Robot to understand and read its surroundings. This lets it move through an area with little interference from people, infrastructure and even the product. Human-operated equipment like forklifts do not feature the same safety measures and relies on human input. Autonomous Mobile Robots minimize the possibility of human operators being tired or distracted and causing an accident. Autonomous Mobile Robots can be used for repetitive tasks to minimize the chance of human error and dramatically enhance safety in a workplace.
 
3. Rapid Implementation
Autonomous Mobile Robots can be put into service within the framework of an typical operation. It can take between four and six weeks according to the specifics of the particular operation. Important here is the picking software and warehouse execution program that the units need to be integrated with. Although it is on the higher portion of the spectrum, this is a remarkably tiny amount of time, particularly when compared against other technology. As a reference, a goods-to-person (G2P) system can take as long as a year to fully implement.
 
4. Ability to increase scale
Autonomous Mobile Robots are extremely simple to operate in a facility. They are able to follow modular deployment strategies that allow you to start with small amounts of units, and increase the capacity of your operation as it expand or your requirements change. This avoids a huge initial investment. Instead of buying an entire set of Autonomous Mobile Robots at once it is possible to purchase smaller units and build the amount of Autonomous Mobile Robots you own over time. It is possible to save money by deploying modularly, so you can take on different projects while you assess the impact of Autonomous Mobile Robots and then decide on the future steps.
 
5. It is easy to move between facilities
Certain businesses may be reluctant to pursue automation options because they are aware that a move to a brand new facility is likely in the in the near future. This logic makes sense to ask: why would you implement a new system when it's going to need to be dismantled in two years after the new facility is completed? Autonomous Mobile Robots can be used in these situations to bridge the gap. Autonomous Mobile Robots are able to be used quickly and seamlessly between facilities which permits automation for the short-term. Companies planning to operate in the short-term can benefit from Autonomous Mobile Robots.

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