No, they just give themselves similar sounding names to be more attractive to outsiders. Bitconnect is a trading platform that promises high returns when you deposit Bicoin there. Here is an older article explaining how it "works" and why it is a scam. The content is still relevant plus what @swissclive just wrote.
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So am I understanding this correct, they took everyone's bitcoins, and want to give rubbish in return? what about just giving back the original stake placed, in the same form as it was sent in, bitcoin? I am new to this whole buying and selling, and bought ripple, doge coin, iota, and lite doge in December, so I have lost nothing on this down turn in markets, looks like a lot will on that site though.
Thanks for the link will have a look, I am still up over £400 on ripple as I bought in a 20p and they are still 80p, I maybe should have sold early Jan at £2.40, hindsight is a wonderful thing eh :-)