I haven’t looked at Bitconnect, but presume you are correct. One way to convince them is to tell them you can do the same thing as bitconnect. Register a corp named, let’s say, ConConnect, with no assets. Offer the same deal as bitconnect, just to your friends and family. When the bubble bursts, you won’t have to worry about your friends and family nagging you about investment schemes ever again.

Oh, and when all is said and done, if you end up in jail, you can use the ConConnect domain to set up dating for convicts. W-W.