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Nalezeno "BitConnect": 33

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

14.1.2023
More 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...

Today in Crypto: ConsenSys Launches MetaMask Staking, Eurojust Stops Major Crypto Fraud Network, LendHub Loses $6M in an Attack

13.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: ConsenSys Launches MetaMask Staking, Eurojust Stops Major Crypto Fraud Network, LendHub Loses $6M in...

800 victims of 'massive' Bitconnect fraud to receive $17M restitution

13.1.2023
The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme

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

20.9.2022
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...

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

20.8.2022
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....

Crypto Scam BitConnect Founder Reportedly Booked in India on Fresh Charges

18.8.2022
The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others.... Read...

Indian police launch probe into BitConnect founder wanted by US SEC

17.8.2022
The Indian police launched an investigation against BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he relocated from India

Feds Seize $34 Million in Crypto From Unidentified Florida Man

5.4.2022
On 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...

SEC unable to locate BitConnect founder convicted in $2.4B fraud case

1.3.2022
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion

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

27.2.2022
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...

DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme

26.2.2022
A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations

Appellate court decision allows Bitconnect class action to proceed

23.2.2022
The superior court has reversed a lower court’s decision, making it possible for a class action to proceed against the promoters of one of crypto’s most infamous scams

ECB Should Learn From Florida, Solana's Opera, IOTA Assembles USD 100M, Gemini Down + More News

10.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: ECB Should Learn From Florida, Solana's Opera, IOTA Assembles USD 100M, Gemini Down + More News

Crypto Gift Plans, Bitcoin Goes Baseball, SEC vs. BlockFi + More news

17.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ ... Read More: Crypto Gift Plans, Bitcoin Goes Baseball, SEC vs. BlockFi + More news

DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million

16.11.2021
The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect...

US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud

16.11.2021
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department

$2 Billion Crypto Fraud Bitconnect and Founder Charged — Director Pleads Guilty to Criminal Charges

3.9.2021
The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. “The Bitconnect scheme is believed to be the largest cryptocurrency fraud...