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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