satish kumbhani – DIGIT INFO

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

DIGIT — Sat, 20 Aug 2022 05:30:42 +0000

The 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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Bitconnect promoter pleads guilty over Ponzi scheme, as platform faces new SEC charges

DIGIT — Thu, 02 Sep 2021 02:13:41 +0000

Former BitConnect promoter Glenn Arcaro has pled guilty to his role in the saga, but the whereabouts of the firm’s founder Satish Kumbhani is unknown.

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US Authorities Ask India to Seize Property of Bitconnect Promoters

DIGIT — Tue, 11 Sep 2018 21:35:16 +0000

The authorities of two U.S. states have reportedly asked Indian officials to seize the property of the promoters of Bitconnect since citizens of their states have invested in the company and lost money. One promoter has already been arrested and the investigators are tracking down another promoter. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

The post US Authorities Ask India to Seize Property of Bitconnect Promoters appeared first on Bitcoin News.

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