Tag: BitConnect

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SEC incapable to uncover BitConnect founder convicted in $2.4B forgery case

March 1, 2022

  BitConnect founder, Satish Kumbhani is being unlawfully accused of rating funds and duping American investors of around $2 billion. He was accused by the U.S Department of Justice of a $2.4 billion Ponzi scheme. The court said the Securities and Exchange Commission said that the location of Kumbhani is still unknown. The SEC said […]

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DOJ Charges Indian Founder of BitConnect for $2.4B crypto Ponzi policy

February 26, 2022

Satish Kumbhani, the founder of the distinguished crypto exchange, has been booked for tricking investors worldwide and duping them $2.4 billion. As per the Department Of Justice, DOJ, a federal grand jury based in San Diego accused Kumbhani of ranging the Ponzi Policy. He was charged against the promises he made to the investors of […]