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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 ....
Washington, Feb 25 (EFE).- The United States Justice Department Friday said it has indicted the founder of defunct BitConnect cryptocurrency exchange platform for orchestrating a global Ponzi scheme and obtaining $2.4 billion from investors. The 36-year-old Indian origin, Satish Kumbhani, allegedly misled investors about BitConnect’s “lending program” by operating as a Ponzi scheme to pay … ....
A grand jury indictment was returned Friday charging the founder of cryptocurrency company BitConnect with federal crimes for his role in allegedly defrauding. ....
<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> ....