Crypto Fraud victims to receive $17 million in Restitution
After a verdict of the US Court, $17 million will be distributed among 800 fraud victims of the BitConnect Crypto Ponzi Scheme.
Source: techstory.in
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Over $17M in restitution ordered for victims of cryptocurrency fraud
A San Diego federal judge has ordered one of the leaders of an alleged investment fraud scheme involving cryptocurrency to pay more than $17 million in restitution to around 800 victims worldwide.
Source: 10news.com
San Diego judge orders $17 million restitution payment in BitConnect pyramid scheme
Glenn Arcaro, ordered to pay restitution, was top U.S. promoter of BitConnect; he's set to serve 3 years in prison for his role in $2.4 billion Ponzi scheme
Source: sandiegouniontribune.com
San Diego Judge Orders Million$ for Victims of What Prosecutors Call Ponzi Scheme
BitConnect's founder, Satish Kumbhani, has been indicted and remains a fugitive
Source: nbcsandiego.com
BitConnect promoter gets 38 months in $2.4b Ponzi scam
BitConnect closed its exchange in January 2018 after getting cease-and-desist letters
Source: gulfnews.com