After the wife of John Bigatton, a well-known Australian promoter of the now-defunct BitConnect Coin (BCC) project and an alleged Ponzi scheme, reportedly died by suicide, multiple theories have arise...
Tag: Bitconnect
Remember BitConnect? Victims of $2.4B Fraud To Recoup a Mere $17M.
Victims of the BitConnect fraud, one of the largest cryptocurrency scams ever, are set to recover some of their losses under a court order. The Department of Justice said on Thursday that a federal di...
Over 800 Victims of BitConnect Crypto Ponzi Scheme To Receive $17,000,000 in Restitution, According to U.S. DOJ
More than 800 victims of the collapsed BitConnect crypto Ponzi scheme are set to receive $17 million in restitution, according to the U.S. Department of Justice. A federal district court in San Diego ...
Victims of BitConnect to Receive $17 Million in Restitution
Around 800 victims of the BitConnect scheme will soon receive a portion of $17 million in restitution after a court ruling ordered it so. A court ruling on Thursday by the U.S. District Court for the ...
Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme – Bitcoin News
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded tho...
BitConnect Victims to Receive $17 Million in Restitutions
Victims of the notorious BitConnect Ponzi scheme may finally see some form of restitution, following a recent ruling in a court in California. The US District Court for the Southern District of Califo...
Victims of $2.4B BitConnect Ponzi to Receive $17M in Restitution
Victims of the Ponzi scheme BitConnect may finally find some respite. The United States District Court for the Southern District of California ordered over $17 million in restitution to be distributed...
BitConnect Fraud Victims Receive Over $17 Million in Restitution
The United States Department of Justice (DOJ) released a Press Release on January 12th, 2023. According to the PR, “a federal district court in San Diego ordered that over $17 million in restitution b...
Bitconnect victims to receive $17m in compensation
Over 800 victims of the Bitconnect fraud are set to get some consolation. The US federal district court in San Diego mandates that they get a portion of a $17 million restitution made from the $2.4 bi...
Judge says 800 victims of BitConnect scam can share $17M
Approximately 800 victims of the BitConnect crypto investment scam will get back at least some of their funds after a San Diego Federal court ordered that $17 million be distributed to investors in ov...
Victims Of BitConnect Fraud To Receive $17M As Restitution: DOJ
The US Department of Justice (DOJ) has ordered to distribute over $17 million in restitution to 800 victims of the BitConnect fraud. The announcement comes as some relief for victims, although the $2....
BitConnect victims will receive $17 million: DOJ
BitConnect victims will receive $17 million in restitution money, according to an announcement from the U.S. Department of Justice (DOJ) on Jan. 12. That statement indicates that a federal court in Sa...
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison – Regulation Bitcoin News
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, ...
BitConnect Promoter Gets 38 Months in $2.4 Billion Ponzi Scam
(Bloomberg) — The top North American promoter of the BitConnect cryptocurrency investment platform was sentenced to 38 months in prison for running a $2.4 billion Ponzi scheme that defrauded at ...
Indian Police Manhunt for Bitconnect Founder after US Indictment for Fraud
After receiving a complaint from many bitcoin investors that their funds had been stolen by a worldwide cryptocurrency Ponzi scam, the authorities in India have begun an investigation into Bitconnect ...
Indian police probes BitConnect founder over the fraudulent scheme
Indian police have decided to probe the alleged founder of the crypto Ponzi project, BitConnect, Satish Kumbhani. The Indian state Maharashtra Police moved after filing by a Pune-based lawyer, accusin...
Indian Police Search for Bitconnect Founder After the US Indicted Him for Defrauding Crypto Investors – Regulation Bitcoin News
The Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authori...
BitConnect Founder Investigated For Losing 220 Bitcoin
According to a report from the Indian Express, authorities in the country launched an investigation against Satish Kumbhani for his alleged participation in defrauding a person out of 220 Bitcoin (BTC...
Indian police seek Bitconnect founder in probe involving almost $5 million in Bitcoin
Indian authorities are looking for the founder of crypto investment protocol Bitconnect Satish Kumbhani over a scam involving Bitcoin (BTC). Kumbhani is being sought after a complaint was lodged agai...
Complaint Filed Against BitConnect Founder in India Following Indictment in the US
Satish Kumbhani, the founder of cryptocurrency investment platform BitConnect, is now being investigated in India for the multi-million dollar scam. Reports noted that a Pune city-based lawyer, Kondhw...
BitConnect Founder Satish Kumbhani Wanted in India as Local Lawyer Files Complaint Over Missing Bitcoin
The SEC said in a February 28th filing that Kumbhani had possibly disappeared from India as his whereabouts were unknown. Authorities in India are now seeking BitConnect founder Satish Kumbhani after...
Indian police launch probe into BitConnect founder wanted by US SEC
The saga of BitConnect, a major cryptocurrency scam scheme, is taking another twist as one of the BitConnect co-founders is now wanted by the Indian state police. Satish Kumbhani, an Indian national a...
Indian Police Join U.S. in the Hunt For BitConnect Scam Mastermind Satish Kumbhani
– Advertisement – Police in India have joined US authorities in the search for the wanted mastermind of crypto pyramid scheme, BitConnect. Back in 2016, a supposedly very “upcoming” and “i...
BitConnect Founder, Indicted in U.S. Over Missing Bitcoin, Is Now Wanted in India Too
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Celsius and BitConnect: Not So Different?
If the Celsius case finds its way to any sort of criminal action, it feels more likely to be related to unexplained individual acts, such as CEO Alex Mashinsky’s transfers of CEL tokens and other asse...
BitConnect founder absconding in $2.4b in crypto fraud case
BitConnect founder Satish Kumbhani is reported missing in the BitConnect fraud case He has probably fled to a foreign country from the US It was the most talked about project during its ICO time in ...
Crypto Influencers Promoting NFT Scams Could Face Class-Action Lawsuit After Bitconnect Case
Arman Shirinyan You could become part of a class-action lawsuit if you are a victim of an NFT or crypto influencer Cryptocurrency and blockchain sleuth zachxbt, who previously found out the real ident...
BitConnect Founder Satish Kumbhani Disappears After Being Charged With $2.4 Billion Ponzi Scheme
Satish Kumbhani, the founder of BitConnect, has disappeared from his native India after being charged criminally in the United States by the SEC with a $2.4 billion Ponzi scheme, according to official...
‘Missing’ BitConnect founder presents more questions than answers for SEC
BitConnect founder Satish Kumbhani has reportedly disappeared from India, according to a Bloomberg report which cited local officials. The exchange founder was just indicted for orchestrating a Ponzi ...
BitConnect Founder Charged With Masterminding $2.4 Billion Fraud
It will just be a matter of time until authorities catch up on BitConnect founder Satish Kumbhani and face the charges against him. Kumbhani was accused by a US federal grand jury for orchestrating a ...