BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
Attorneys said efforts to locate Satish Kumbhani could remain unfruitful.
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Mar 1, 2022 at 8:20 a.m. UTC
Mar 1, 2022
bitconnect
US Justice Department Indicts BitConnect Founder
Satish Kumbhani already faced SEC charges for his role in the "global Ponzi scheme."
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Feb 25, 2022 at 11:32 p.m. UTC
Feb 25, 2022
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DOJ to Sell $56M in Crypto Proceeds From BitConnect Fraud Scam
The agency called the liquidation the largest recovery of assets tied to a cryptocurrency fraud to date.
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Nov 16, 2021 at 6:33 p.m. UTC
Nov 16, 2021
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BitConnect’s Top US Promoter Pleads Guilty to Fraud Charge
Glenn Arcaro faces up to 20 years in prison for his role in the alleged $2 billion Ponzi scheme.
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Sep 2, 2021 at 4:08 p.m. UTC
Sep 2, 2021
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SEC Secures Judgments Against 3 in Bitconnect Scam
One individual must pay more than $3 million and hand over a wallet containing 190 bitcoins.
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Aug 20, 2021 at 5:53 p.m. UTC
Aug 20, 2021
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The Lesson of Bitconnect: Promoters Can Be Liable
The SEC has filed charges against five promoters of the alleged crypto fraud. It's a chance to learn from the mistakes of Trevon James and Co.
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Jun 2, 2021 at 2:50 p.m. UTC
Jun 2, 2021
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SEC Sues 5 Over $2B Bitconnect Ponzi
Bitconnect collapsed in 2018 after state regulators in Texas and North Carolina filed cease-and-desist letters against its lending and exchange platform.
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May 28, 2021 at 7:37 p.m. UTC
May 28, 2021
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Alleged Promoter of BitConnect Crypto Scam Charged in Australia
The accused faces a lengthy prison sentence if convicted.
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Nov 18, 2020 at 9:33 a.m. UTC
Nov 18, 2020
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Australian Financial Watchdog Bans Local BitConnect Promoter for 7 Years
The Australian man was banned from working in financial services by the Australian Securities and Investment Commission.
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Sep 7, 2020 at 8:00 a.m. UTC
Sep 7, 2020
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BitConnect Promoter Wanted Over Another Alleged Crypto Scam
A promoter of the now-shuttered crypto fraud BitConnect has again been charged over a different claimed cryptocurrency scam.
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Jun 4, 2019 at 9:17 a.m. UTC
Jun 4, 2019