
Satish Kumbhani
14 sentenced to life in prison in India for digital asset extortion
An Indian court sentenced 14 individuals to life for kidnapping and extortion in a high-profile digital assets case.
Bitconnect promoter ordered to pay $17M to 800 fraud victims
The DOJ's filings indicate that the project's founders diverted the funds and began operating a "textbook Ponzi scheme by paying...
BitConnect co-founder wanted in India, faces mega scam probe anew
Satish Kumbhani, co-founder of BitConnect, plunged into deeper trouble as Indian police put him under investigation over a $2.4 billion...
BitConnect founder indicted over $2.4B Ponzi scheme has vanished: SEC
The U.S. securities regulator says Satish Kumbhani can’t be located and has likely relocated from his homeland India to an...
BitConnect founder indicted over $2.4B Ponzi scheme, faces 70 years in prison
A San Diego court charged Satish Kumbhani with wire fraud, conspiracy to commit commodity price manipulation, and international money laundering.
$56M in seized digital currencies will go towards BitConnect fraud victims
The stash was seized from the “number one promoter” of the $2B BitConnect scam and is the largest single recovery...
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