A federal grand jury in San Diego just indicted the founder of the BitConnect crypto scheme that allegedly defrauded thousands of investors in the US and abroad. In a statement published on Friday, t...
Tag: Bitconnect
BitConnect Founder Charged with Defrauding Investors
Alex Dovbnya The DOJ has zeroed in on the founder of the infamous BitConnect Ponzi scheme. He’s now facing up to 70 years behind bars Satish Kumbhani, the founder of the Ponzi scheme BitConnect, has b...
Fraudulent Bitconnect founder indicted in $2 million case
BitConnect founder has been indicted by the DoJ and faces 20 years in prison It is the largest cryptocurrency fraud ever to be charged He is further charged with inflating prices of various cryptos ...
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect – Regulation Bitcoin News
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S...
Founder of BitConnect indicted for several offences
BitConnect is yet to shed off its bad history despite closing in 2018. The US Department of Justice has indicted one of the founders of the cryptocurrency project for running a Ponzi scheme that invol...
BitConnect Founder Satish Kumbani Indicted for Ponzi Scheme
Key Insights: BitConnect founder Satish Kumbhani indicted for Ponzi Scheme In 2021, BitConnect and Kumbhani were sued by the SEC. Penalties for illegal activity are hefty, with some jurisdictions call...
BitConnect Mastermind Indicted In U.S. On Charges of Fraud
The writing is on the wall for indicted crypto fraudster Satish Kumbhani as a U.S. jury charges him on multiple counts of cryptocurrency fraud, which could land him up to 70 years in prison. A federal...
Federal Grand Jury Indicts BitConnect Founder Over Alleged $2.4B Crypto Scheme
In brief The U.S. Department of Justice announced today the indictment of BitConnect founder Satish Kumbhani. The indictment alleges Kumbhani and his co-conspirators obtained approximately $2.4 billio...
BitConnect founder indicted for alleged $2.4 billion Ponzi scheme
advertisement A federal grand jury has indicted BitConnect founder Satish Kumbhani with allegedly defrauding $2.4 billion through the crypto Ponzi scheme. The US Department of Justice announced on Fri...