BitConnect founder charged with orchestrating $2 billion Ponzi …
Feb 27, 2022 · Satish Kumbhani, 36, is accused of misleading investors about the cryptocurrency’s “lending program,” where he claimed the proprietary technology would bring substantive returns to investors...
BitConnect Founder Indicted in Global $2.4 Billion Cryptocurrency …
Feb 25, 2022 · BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalization of $3.4 billion. According to court documents, Satish Kumbhani, 36, of Hemal, India, the founder of BitConnect, misled investors about BitConnect’s “Lending Program.”
Crypto Fraud Victims Receive Over $17 Million in Restitution from ...
Jan 12, 2023 · On Sept. 16, 2021, Glenn Arcaro, 44, the top U.S.-based promoter for BitConnect, pleaded guilty to conspiracy to commit wire fraud. Separately, on Feb. 25, 2022, the founder of BitConnect, Satish Kumbhani, was indicted for his central role in the multibillion-dollar fraud.
Victims of BitConnect Scheme to Receive More than $17 Million to ...
Jan 13, 2023 · On February 25, 2022, the founder of BitConnect, Satish Kumbhani, was indicted for his central role in the multibillion-dollar fraud. He remains a fugitive from justice and anyone with information on his whereabouts should contact the FBI at 216-522-1400.
Bitconnect - Wikipedia
In September 2021, the U.S. Securities and Exchange Commission sued Bitconnect, alongside its founder Indian Satish Kumbhani, American Glenn Arcaro, who served as Bitconnect's lead national promoter in the United States from August 2017 to January 2018, and Future Money LTD, a company Arcaro created to lure into Bitconnect's lending program ...
BitConnect founder indicted for $2.4 billion cryptocurrency Ponzi ...
Feb 28, 2022 · BitConnect founder Satish Kumbhani has been indicted by a San Diego jury for allegedly orchestrating a global cryptocurrency Ponzi scheme that involved approximately $2.4 billion taken from...
San Diego Judge Orders Million$ for Victims of What Prosecutors …
Jan 13, 2023 · BitConnect's founder, Satish Kumbhani, has also been indicted and remains a fugitive. According to the U.S. Attorney's Office, BitConnect investors were misled by the company's claims that it...
BitConnect Founder Satish Kumbhani Indicted for Ponzi Scheme
Feb 26, 2022 · On Friday, the United States Justice Department (DoJ) announced the indictment of BitConnect founder Satish Kumbhani. A federal grand jury indicted Kumbhani with “ orchestrating a global...
Federal Grand Jury Indicts BitConnect Founder Over Alleged $2
Feb 26, 2022 · The U.S. Department of Justice today revealed its indictment against Satish Kumbhani, the founder of defunct cryptocurrency platform BitConnect. According to the indictment, Kumbhani and his co-conspirators obtained approximately $2.4 billion from investors in a Ponzi scheme.
Indian police launch probe into BitConnect founder wanted by US …
According to a report, Satish Kumbhani, the alleged founder of BitConnect, became the subject of an investigation by Maharashtra police. It started when a Pune-based lawyer filed a...