Page 17 - Volatility Software News Today

Federal prosecutors accused BitConnect's founder of misleading investors about the company's "Lending Program."

Federal prosecutors accused BitConnect's founder of misleading investors about the company's "Lending Program."

Federal prosecutors accused BitConnect's founder of misleading investors about the company's "Lending Program."

Federal prosecutors accused BitConnect's founder of misleading investors about the company's "Lending Program."

Federal prosecutors accused BitConnect's founder of misleading investors about the company's "Lending Program."

A grand jury indictment was returned Friday charging the founder of cryptocurrency company BitConnect with federal crimes for his role in allegedly defrauding investors out of more than $2 billion, according to the U.S. Attorney's Office in San Diego.

The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth $2.4 billion, federal prosecutors said. According to court documents, Satish Kumbhani (36) of Hemal in Gujarat misled investors about BitConnect's "Lending Program." BitConnect reached a peak market capitalisation of $3.4

A grand jury in the U.S’ San Diego has indicted BitConnect founder, Satish Kumbhani, for a global crypto ponzi scheme worth $2.4 Bn.

The US Department of Justice (DOJ) today announced that Satish Kumbhani, the founder of the $2.4 billion crypto scam BitConnect, has been indicted.

Satishkumar Kurjibhai Kumbhani was indicted in San Diego in possibly the largest con of its kind to be criminally charged