Tag: BitConnect
800 victims of ‘massive’ Bitconnect fraud to receive $17M restitution
A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ord [...]
Indian police launch probe into BitConnect founder wanted by US SEC
The saga of BitConnect, a major cryptocurrency scam scheme, is taking another twist as one of the BitConnect co-founders is now wanted by the Indian s [...]
Fugitive BitConnect Founder Kumbhani Indicted in US Is Now Wanted in India Too
An unidentified lawyer filed a complaint naming Kumbhani and six others saying he was defrauded of his original investment of 54 bitcoins and the retu [...]
Celsius and BitConnect: Not so Different?
If the Celsius case finds its way to any sort of criminal action, it feels more likely to be related to unexplained individual acts, such as CEO Alex [...]
BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
Attorneys said efforts to locate the convicted founder could remain unfruitful.
www.coindesk.com [...]
SEC unable to locate BitConnect founder convicted in $2.4B fraud case
Indicted by the United States Department of Justice in a $2.4 billion Ponzi scheme, BitConnect founder Satish Kumbhani remains untraced following conv [...]
US Justice Department Indicts BitConnect Founder
US Justice Department Indicts BitConnect Founder
www.coindesk.com [...]
Appellate court decision allows Bitconnect class action to proceed
The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action suit by reversing a previous r [...]
DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
A U.S. federal judge is allowing the U.S. Department of Justice to liquidate approximately $56 million in proceeds seized from Glenn Arcaro, the le [...]
Bitconnect promoter pleads responsible over Ponzi scheme, as platform faces new SEC prices
Former director and promoter of the infamous Bitconnect Ponzi scheme, Glenn Arcaro, has pled responsible to fraud prices associated to his position [...]
S.E.C. prices 5 for illegally selling $2 billion Bitconnect Ponzi
Three years and a few unforgettable memes later, the Securities and Change Fee has introduced that 5 people will face prices referring to selling t [...]
Alleged Promoter of BitConnect Crypto Rip-off Charged in Australia
The accused faces a prolonged jail sentence if convicted.
www.coindesk.com [...]
Charged Aussie Bitconnect promoter faces as much as 47 years in jail
The Australian Securities and Investments Fee, or ASIC, has charged the previous Australian nationwide consultant of BitConnect for his involvement [...]
Australian Monetary Watchdog Bans Native BitConnect Promoter for 7 Years
The Australian man was banned from working in monetary companies by the Australian Securities and Funding Fee.
www.coindesk.com [...]
Prime Australian BitConnect promoter banned by ASIC for 7 years
The Australian Securities and Investments Fee (ASIC) has banned John Louis Anthony Bigatton, the previous ‘Australian Nationwide Consultant’ of the [...]
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