Bitconnect is an outright fraud and a Ponzi scheme. Stay away from it or you will lose your money. See a detailed due diligence here: http://blog.icoindex.com/why-icoindex-has-labeled-bitconnect-as-an-outright-fraud/
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But he has already made more than his initial investment. Along with lots of other people too. It may end badly but not because it was started to ruin people. Sometimes it just happens to businesses. But so far they are very successful.
Bitconnect has been designed this way. They did not become a Ponzi scheme by accident.