Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme

Bitconnect, crypto, cryptocurrency, cryptocurrencies, crypto pyramid, pyramid scheme, pyramid, Ponzi scheme, fraud, scam, investors, victims, restitution, US, U.S., court, DOJMore than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17 […]

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US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison

The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the Bitconnect crypto Ponzi scheme.The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to the government,” the Department […]

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Indian Police Search for Bitconnect Founder After the US Indicted Him for Defrauding Crypto Investors

Indian Police Searching for Bitconnect Founder After the Crypto Ponzi Scheme Defrauds Bitcoin InvestorThe Indian police have launched an investigation into Bitconnect and booked its founder after a bitcoin investor reported being defrauded by the global crypto “Ponzi scheme.” According to U.S. authorities, the scheme reached a market capitalization of $3.4 billion at its peak. The founder and his co-conspirators allegedly obtained about $2.4 billion from investors. Bitconnect’s […]

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Feds Seize $34 Million in Crypto From Unidentified Florida Man

Feds Seize $34 Million in Crypto From Unidentified Florida ManOn April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet markets, selling online account information tied to […]

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US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect

The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced […]

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