Advertisement     Indian founder of BitConnect, Satish Kumbhani, was indicted by the US Department of Justice (DoJ) in February for “orchestrating” a $2.4 billion glob...
Tag: Satish
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 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 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...
The US charged BitConnect’s Satish Kumbhani with $2.4 billion for the Ponzi scam
BitConnect creator Satish Kumbhani was accused by a US grand jury of accusations that he engineered a global Ponzi scheme that generated $2.4 billion from investors. Kumbhani may face up to 70 years i...
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...