Web2 mar 2024 · SEC officials do not know the whereabouts of Satish Kumbhani, the founder of crypto trading platform BitConnect, who was charged last week with defrauding investors of $2.4 billion in a Ponzi scheme. This puts the SEC in quite a bind, since they have to serve the 36-year old entrepreneur with his court papers. Web28 feb 2024 · Nurphoto. BitConnect's founder has been charged with orchestrating a global $2.4 billion Ponzi scheme, the Justice Department said. Satish Kumbhani faces several charges including wire fraud, the ...
Bitconnect indicted founder has sec says - madis-fsl.org
Web26 feb 2024 · BitConnect founder, Satish Kumbhani, has been charged with defrauding investors in the scam; The scam was worth $2.4 billion and as per a recent report, … Web26 feb 2024 · The jury charged Satish Kumbhani in the $2.4 billion fraudulent crypto scheme. During its peak, BitConnect reached a market cap of more than $3.6 billion. The US Department of Justice (DOJ) announced today that Satish Kumbhani, the Founder of the $2.4 billion crypto scam BitConnect, has been indicted. loop in youtube meaning
How Satish Kumbhani Got Away With a $2.4 Billion Crypto Ponzi …
Web2 set 2024 · Satish Kumbhani, 35, an Indian citizen, was apparently based in Surat, Gujerat, India, but presently has been difficult to track down. He founded BitConnect in 2016 and describes himself as its “Asian Leader” on his LinkedIn profile. Kumbhani and the other defendants will likely also face criminal charges, which could lead to prison sentences. Web1 mar 2024 · Just days after a federal grand jury handed down a $2.4 billion indictment of operating a global Ponzi scheme, BitConnect founder Satish Kumbhani, 36, has … Web6 ago 2024 · Indicted by the United States Department of Justice in a $2.4 billion Ponzi scheme, BitConnect founder Satish Kumbhani remains untraced following his conviction.In a court filing on Monday, the Securities and Exchange Commission said that the whereabouts of Kumbhani remains unknown. The SEC noted that Kumbhani’s last … loopio teams integration