Trevon James tells court he can’t pay BitConnect fines

After failing to respond to an SEC lawsuit filed against him, Trevon James has asked a court to set aside a recorded entry of default.

In a six-page October 18th filed pro-ser letter, James has also informed the court he doesn’t “have the Bitcoin to liquidate in order to pay these fines.”

James, who identifies himself as Trevon Brown, married and a father of three, claims being sued by the SEC “is the worst thing that ever happened to me”.

BitConnect
was a multi-billion MLM crypto Ponzi that James, as a top promoter, is accused of stealing millions through.

Even after BitConnect’s fraud was laid out in court and its executives
indicted
and
sent to prison
, James maintains his experience with BitConnect “was great”.

To that end, the SEC
sued James and several other BitConnect promoters
in 2021. At the request of the SEC, the court clerk
recorded an Entry of Default against James
on August 26th, 2024.

In September 2024, the SEC revealed
default judgment penalties against James
totalling $3.5 million.

States James (right) in his letter to the court;

Looking back, there is no question that this is the worst thing that has ever happened to me.

Not even Bitconnect itself because that experience was great.
It’s what the SEC did to bitconnect is what makes it the worst thing that ever happened to me.

The SEC’s charge of Bitconnect ruined my life and my reputation in the cryptocurrency space.

To my fans I was the funny crypto enthusiast who enjoys the technology and just loves to chat and make jokes about it, all while trying to predict the direction the crypto space is going.

All of that has been torn apart and I find it hard to do what I do best with the life path I chose of being a video production personality.

Now I’m “that scammer guy” “the bitconnect scammer” “BITCONNNNEEECTTTT!!” “HEY HEY HEYYYYY” “WASSA WASSA WASSAP BITCONNECT!!!!”.

If you are unfamiliar with the last three quotes those are jokes that are said indefinitely online to the people who participated in the coin to remind them of their loses.

Whether it be financial loss or reputation. I still till this day have to deal with commenters online and in public who have to remind me that I’m now considered a scammer,
even though I never took anything from anyone.

Instead of acknowledging the victims he stole from, James has a cry to the court over his YouTube career being devastated.

Now for the average person, sure it’s just a little online bullying that could be ignored. But for me, someone who is trying to have a career in reporting on cryptocurrency this has been very damaging.

And to be known as the Bitconnect scammer when you google my real first and middle name is mortifying. I’ve never scammed anyone in my life!

I did not know [BitConnect] would end like it did because I had never seen anything like the collapse of Bitconnect before in my life.

I didn’t even learn about what the SEC was until I had to learn what a subpoena was. I’m not at the corporate

🤖 Quick Answer

What happened in Trevon James's SEC case in October 2024?

What was Trevon James's role in BitConnect?
Trevon James served as a top promoter of BitConnect, a multi-billion-dollar MLM cryptocurrency Ponzi scheme. The SEC accused him of stealing millions of dollars through his promotional activities. Despite BitConnect executives being indicted and sentenced to prison, James publicly maintained his experience with the platform was positive.

Why did the SEC sue Trevon James?
The United States Securities and Exchange Commission filed a lawsuit against Trevon James and

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