MIL-OSI Security: Crypto Fraud Victims Receive Over $17 Million in Restitution from BitConnect Scheme foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
<p><span>A federal grand jury in San Diego returned an indictment today charging the founder of BitConnect with orchestrating a global Ponzi scheme. BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion.</span></p>
Director and promoter of BitConnect pleads guilty in global $2 billion cryptocurrency scheme irs.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irs.gov Daily Mail and Mail on Sunday newspapers.
April 29, 2021 U.S. District Judge Theodore D. Chuang sentenced Maria Espinal of Montgomery Village, Maryland, yesterday to 27 months in federal prison, followed by one year of supervised release, for aiding and assisting in filing false tax returns and for aggravated identity theft. Judge Chuang also ordered Espinal to pay restitution in the amount of $106,066.