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 unknown address in a different country.
Latest Satish Kumbhani News
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 of a digital currency fraud scheme ever.
SEC charges BitConnect founder with $2B scam as promoter pleads guilty
The securities regulator has levied a new action against BitConnect founder Satish Kumbhani and the lead U.S. promoter after they allegedly defrauded 325,000 BTC from investors.