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RE: BitConnect hosts event in Australia - Not sure how i feel about this.....

Have reported this scheme to the ACCC for exactly the same reasons you identify in your post. Even though this is not a clear cut Ponzi as yet -- the owners are doing everything to stay hidden and push the legal responsibility down to their first level Promoters which is just pure dodgy behaviour. If you see any other events get billed please hit me up - might just attend to do some digging