Michael Noble Ordered to Pay $1.07 Million in BitConnect Ponzi Judgment
Michael Noble, a prominent BitConnect promoter, has been ordered to pay $1.07 million following a court judgment in the long-running BitConnect fraud case.
BitConnect Scam Overview
BitConnect was a notorious multi-level marketing (MLM) cryptocurrency Ponzi scheme that defrauded investors of nearly $2 billion. The platform collapsed in January 2018.
In May 2021, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Michael Noble and four other BitConnect promoters.
Noble’s Settlement and Court Order
Noble settled the SEC’s fraud allegations in July 2021. However, the financial penalties remained in dispute for years.
On July 15, 2026, the court issued a final order requiring Noble to pay:
- $731,281 in disgorgement (the amount he earned from referral commissions)
- $293,703 in prejudgment interest
- $50,000 civil penalty
The total judgment amounts to $1.07 million. The court rejected Noble’s arguments against these amounts.
Other BitConnect Promoters’ Settlements
Michael Noble is the fourth promoter to settle with the SEC. Here’s how others fared:
- Joshua Jeppesen: Paid $2.66 million + 190 Bitcoin in disgorgement, $370,983 in interest, and a $150,000 penalty.
- Ryan Maasen: Paid $477,408 in disgorgement, $38,550 in interest, and a $10,000 penalty.
- Laura Mascola: Paid $506,011 in disgorgement and $70,347 in interest.
The SEC also reached a settlement with Trevon Brown (aka Trevon James), who was accused of misappropriating at least $480,000. Details are pending public release.
Status of Craig Grant
Craig Grant, another defendant, fled to Jamaica after the collapse. He is accused of misappropriating over $1.3 million. A 2024 default judgment ordered him to pay $3.5 million, but he has reportedly paid nothing.
Grant has been living on a family property in Spring Garden, Trelawny Parish, Jamaica. He allegedly used investor funds to renovate the property and has been renting rooms on Airbnb while posting about his life on YouTube.
Final Thoughts
This latest judgment against Michael Noble highlights the SEC’s continued efforts to hold BitConnect promoters accountable years after the massive crypto Ponzi scheme collapsed. Investors continue to seek justice as cases move toward final resolution
