Tag: BitConnects
BitConnect’s Victims to Receive $17M in Restitution Seized From Scam’s Promoter
Arcaro is not the only BitConnect bigwig to face consequences for his role in the scheme: BitConnect’s founder, Satish Kumbhani, has been indicted on [...]
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding t [...]
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi sc [...]
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