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BitConnect founder Satish Kumbhani, charged criminally in the U.S. last week with a $2.4 billion Ponzi scheme, has vanished from his native India, officials said.
Satish Kumbhani, founder of cryptocurrency platform BitConnect who has been indicted in the US for running a $2.4 billion crypto ponzi scheme, has likely "relocated from India to an unknown location" abroad.A federal grand jury in San ...
After a US District Court indicted Bitconnect founder Satish Kumbhani for orchestrating a global Ponzi scheme, he has disappeared from his home location, says US SEC attorney
36-year-old Indian founder charged for global crypto ponzi scheme worth $2.4 billion - BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalisation of $3.4 billion.
In total, Kumbhani, facing 70 years in prison if convicted, and his co-conspirators obtained approximately $2.4 billion from investors.