Things are getting serious for BitConnect’s top promoters, as “Crypto Clover” found out upon returning to the US.

Crypto Clover (real name: Calen Powell), promoted BitConnect through his YouTube channel until it
collapsed
.

How much money Powell stole from BitConnect victims is unclear. Powell refers to himself as a “crypto nomad”, having sold most of his assets in the US earlier this year.

Powell travels across South East Asia, however he still returns to Seattle, Washington from time to time.

Powell’s latest visit home caught the attention of the FBI, suggesting there might be a federal BitConnect “person of interest” watchlist.

Refusing to acknowledge
BitConnect was a Ponzi scheme
perpetrated through securities fraud, Powell insists

[00:45] All of the threats were baseless and not based on anything in law.

To be clear, the Securities Act was passed into law in the US back in 1933.

In any event, as to what happened to Crypto Clover when he stepped off his plane;

[00:12] Basically as soon as I got off the plane I got detained by the border immigration control.

I was “randomly selected” for some sort of search, where they go through all my belongings and what not.

They seized all my electronics and basically scanned them.

(They) were like threatening me with some stuff.

Powell later learned that one of his interrogators was an undercover FBI agent.

[00:57] There was a guy in that room that didn’t identify himself at first and then, turns out later he’s an FBI agent.

So I got really upset with this guy and he ended up leaving and then like three FBI agents came in… and basically said they want to talk to me about BitConnect.

They were basically threatening to detain me, or y’know… they were asking a lot of different questions. And so I was kinda explaining some stuff to them about cryptocurrency.

As with
Trevon James and the South Carolina Securities Division
, it seems Powell believes regulators are ignorant when it comes to cryptocurrency.

Powell states that in order to seize his cryptocurrency, the FBI would have to “hack entire networks”.

Not so. All the FBI has to do is obtain a court order directing Powell to 
hand over his ill-gotten cryptocurrency assets
.

If he fails to comply the FBI then files a contempt motion, with continued non-compliance leading to fines, detention and even
imprisonment
.

At some point during his interrogation, Powell learned of other BitConnect suspects the FBI is looking into.

[2:45] It was interesting like to see the people they had on their radar. The people they were investigating or looking at.

They’re gonna go after CryptoNick, like a seventeen year-old kid making cryptocurrency videos… it’s a joke.

CryptoNick, aka Nicholas Trovato, was one of BitConnect’s top promoters.

Trovato is believed to have stolen millions from victims through promotion of BitConnect on YouTube.

Since BitConnect collapsed, Trovato has gone into hiding.

We’ll give Crypto Clover the benefit of the doubt o

🤖 Quick Answer

Who is Crypto Clover and what was his involvement with BitConnect?
Crypto Clover, whose real name is Calen Powell, was a prominent BitConnect promoter who used his YouTube channel to market the platform before its collapse. Powell, who identifies as a crypto nomad, promoted the scheme to numerous investors before relocating to Southeast Asia.

What happened when Calen Powell returned to the United States?
Upon returning to Seattle, Washington, Powell was detained, threatened, and interrogated by FBI agents. His arrest suggests the existence of a federal watchlist targeting BitConnect's key promoters and individuals of interest involved in the scheme's operations.

What is BitConnect alleged to be according to investigations?
BitConnect is alleged to be a Ponzi scheme perpetrated through securities fraud. The platform collapsed, resulting in significant financial losses for investors. Powell, however, has refused to acknowledge these allegations against the company.

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