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

2022-2-28 09:00

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

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scheme bitconnect ponzi alleged via kumbhani orchestrating

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Источник: cointelegraph.com

scheme bitconnect → Результатов: 53

BitConnect Founder Charged with Defrauding Investors

The DOJ has zeroed in on the founder of the infamous BitConnect Ponzi scheme. He’s now facing up to 70 years behind bars

2022-2-28 19:43
bitconnect founder facing scheme bars behind years

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Ponzi Scam: BitConnect’s Indian Founder Charged In $2.4 Billion Bogus Scheme

A federal grand jury in San Diego charged the founder of a cryptocurrency startup Friday in a broad indictment that claims he cheated investors of more than $2. 4 billion in a Ponzi scam. Prosecutors say the fraud is the largest of its sort ever prosecuted criminally.

2022-2-28 15:33	Breaking News
ponzi scam billion charged founder investors cheated

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The U.S. Is Selling Nearly $60 Million Worth Of Cryptocurrency Seized From BitConnect’s Top Promoter

The United States Department of Justice is selling cryptocurrencies worth a total of $56 million, which were seized from BitConnect’s top promoter, a crypto investment scam and Ponzi scheme that crashed in 2018.

2021-11-18 19:02	Cryptocurrency News
seized bitconnect promoter worth million selling ponzi

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Промоутер мошеннической схемы BitConnect вернет инвесторам $24 млн

Бывший директор и промоутер BitConnect Гленн Аркаро признал себя виновным в участии в мошеннической схеме, которая выманила у инвесторов в криптовалюты более $2 млрд. Director and Promoter of BitConnect Pleads Guilty in Global $2 Billion Cryptocurrency Scheme https://t.

2021-9-2 10:37
bitconnect промоутер мошеннической promoter director криптовалюты млрд

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BitConnect promoter pleads guilty over Ponzi scheme as platform faces new SEC charges

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

2021-9-2 05:13
guilty bitconnect promoter saga whereabouts role firm

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SEC closes in on settlements with US BitConnect promoters for millions

Four of six U.S.-based promoters of the notorious BitConnect Ponzi scheme have reached settlement agreements with the SEC.

2021-7-8 05:25
bitconnect sec promoters six settlement agreements four

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SEC Charges Promoters Of Now Defunct Ponzi Scheme BitConnect

U. S. Security Exchange Commission announced yesterday that it has charged five individuals involved in the BitConnect cryptocurrency lending program in 2017, for promoting unregistered digital asset securities.

2021-5-30 21:24	Cryptocurrency News
bitconnect cryptocurrency securities involved five individuals lending

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SEC Charges Promoters of $2 Billion Cryptocurrency Scam with Violating Securities Laws

The SEC is bringing an enforcement action against the promoters of the infamous BitConnect Ponzi scheme

2021-5-29 22:42
sec promoters enforcement action infamous scheme ponzi

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Top Australian BitConnect promoter banned by ASIC for 7 years

John Bigatton has been barred from providing financial services in Australia for seven years for his involvement with the BitConnect Ponzi scheme.

2020-9-3 10:30
years bitconnect seven australia services financial providing

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Why this Bitcoin and Ethereum ponzi scheme garnered billions (in victims and dollars)

Plus Token, Bitconnect, OneCoin, had one thing in common - an investment deal that sounded too good to be true and when something's is too good to be true, it usually is. With One Coin Ponzi, Ruja IgnThe post Why this Bitcoin and Ethereum ponzi scheme garnered billions (in victims and dollars) appeared first on AMBCrypto.

2020-7-6 17:00	BTC Trading View
ponzi true good one too victims ethereum

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Max Keiser Compares Majority of DeFi Coins to BitConnect Scam in Substance and Methodology

Prominent cryptocurrency expert Max Keiser believes that much of the current DeFi coin wave resembles the BitConnect Ponzi scheme in substance and methodology

2020-6-25 13:05
substance max bitconnect methodology defi keiser current

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Genbit may Become the BitConnect of Brazil

The BitConnect Ponzi Scheme has made quite an impact on the cryptocurrency space. It now appears that a somewhat similar project has popped up in Brazil. Known as Genbit, the company faces some serious allegations.

2020-2-6 07:00	Ponzi scheme
brazil genbit bitconnect popped project allegations somewhat

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Happy Bitconnect RIP Day Everybody

Bitconnect, one of the most notorious and widespread pyramid schemes in crypto history, crashed two years ago today. BitConnect Scheme Unraveled as Bitcoin Moved Away from Peak Prices The crypto lending scheme, known for its mass-audience meetings and pervasive messages, promised huge rates of return, depending on always-booming BTC prices.

2020-1-16 17:30
bitconnect crypto scheme prices mass-audience meetings peak

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Cloud Token Revealed to Be a Ponzi Scheme by Chinese Police

The cryptocurrency industry has gotten a bad reputation through the years for the scams that have plagued it, and another one has recently been added to the ranks. In the same way that BitConnect and Plus Token were discovered to be Ponzi schemes, so has the Cloud Token according to a report and AZC News. […]

2019-12-24 01:26	cybersecurity
token ponzi cloud way same ranks added

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Deadcoins: BitConnect, The Fallen King of High-Yield Investment Fraud

Once beloved, now forsaken, BitConnect was the hottest thing in the market for a good year before the broader market realized this was a wolf in sheep’s clothing. People all over the world fell victim to the exuberance of the scheme, offering a whopping one percent daily compounded yield.

2019-11-5 20:00	Regulation
btcmanager market bitconnect yield compounded dives nitty-gritty

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Plus Token Ponzi Took 10M Ethereum (ETH), Possibly Sold

Plus Token may be the new whale in town, taking away nearly $2 billion’s equivalent of Ethereum (ETH), becoming a larger pyramid scheme even than BitConnect.

2019-8-27 10:29	News
plus eth token ethereum equivalent billion nearly

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It’s Baaaaaaack! Bitconnect 2.0 Causes Waking Nightmares In Cryptosphere

Just days ago, we cast our minds back to the altcoin season of 2017, musing that Bitconnect is one of the projects now long dead after flying high only two years previously. Perhaps we spoke too soon… because news emerged over the weekend that crypto’s legendary Ponzi scheme is set to stage a return.

2019-5-21 19:59	Fraud
bitconnect crypto nightmares waking causes baaaaaaack cryptosphere

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BitConnect 2.0: Will the Ponzi Scheme Really Dare to Relaunch?

A website has appeared, promising the relaunch of the BitConnect system within 41 days.

2019-5-20 16:54	News
bitconnect relaunch promising system within days really

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Scam Alert: Bitconnect ‘2.0’ Claims Binance Listing for July Launch

The return of notorious cryptocurrency ponzi scheme Bitconnect is closer than ever, its mysterious organizers claim after revealing a July launch date. Bitconnect: Unapologetically Fraudulent A fresh tweet from the Twitter account of the so-called ‘Bitconnect 2.

2019-5-20 12:00	#scams
bitconnect july launch scheme scam alert claims

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Will Bitcoin SV Go Down To Zero Just Like Bitconnect?

In the world of Bitcoin scams, nothing comes close to the Bitconnect Ponzi scheme. On January 16, 2018, Bitconnect… The post Will Bitcoin SV Go Down To Zero Just Like Bitconnect? appeared first on Invest In Blockchain.

2019-4-17 12:26
bitconnect bitcoin like down zero 2018 invest

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The New Zealand Mosque Shooter Claims He Made Money From The Bitconnect Ponzi Scheme

The world is still in shock following the events that happened in two mosques in New Zealand just a few hours ago. What’s even more baffling is how one of the villains is said to have made his money.

2019-3-15 18:02	Ponzi scheme
new money made zealand two mosques ponzi

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Worse than BitConnect? Leader of Billion Dollar Cryptocurrency Pyramid Scam “OneCoin” Arrested

The leader of a prolific cryptocurrency Ponzi scheme, OneCoin, was arrested and charged on Mar. 6th. OneCoin Ltd. claims to have 3 million members—or victims—worldwide and has generated over €3.

2019-3-11 08:15	#scams
onecoin billion cryptocurrency leader arrested worse scam

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Modulus CEO: FBI Investigation of Bitconnect Coin Scheme Signifies Shift in Industry

According to a press release from the FBI’s Cleveland Field Office, agents are investigating Bitconnect Coin (BCC), a cryptocurrency first released in 2016 through an ICO. Promoters guaranteed investors up to a 10 percent total return per month on... Source

2019-2-26 22:02
bitconnect coin fbi promoters guaranteed ico released

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FBI Looking for BitConnect Victims to Aid with Investigation

The US Federal Bureau of Investigations (FBI) is looking for victims who invested in the cryptocurrency BitConnect (BCC) to aid with the ongoing investigation of the alleged Ponzi scheme, the agency announced Feb.

2019-2-25 02:05	#scams
looking victims fbi investigation bitconnect aid cryptocurrency

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FBI Solicits Information From Bitconnect Investors With Voluntary Questionnaire

The FBI wants to identify alleged victims of the Bitconnect alleged ponzi scheme via a questionnaire

2019-2-23 10:41	Ponzi scheme
questionnaire fbi alleged bitconnect victims solicits ponzi

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The FBI Is Seeking Bitconnect Victims to Aid in its Investigations of the Ponzi Scheme

The Bitconnect ponzi scheme managed to rope in a lot of investors in the two year period it was operational. From February 2016 till January 2018, BCC was the coin that guaranteed profits for many.

2019-2-21 15:20	vitalik buterin
bitconnect scheme ponzi investigations aid fbi victims

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FBI Wants Your Help to Investigate $2.5 Billion Crypto Scam Bitconnect

Like most scams, it will be years before Bitconnect’s operators have felt the full weight of their actions. However, the US government wants victims to help bring the $2. 5 billion crypto Ponzi scheme to justice.

2019-2-21 02:05
bitconnect fbi billion help wants crypto victims

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Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter

John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect, is now under a travel ban imposed by the Australia federal court

2019-1-8 18:51	Cryptocurrency Exchange
ban bitconnect promoter travel federal court under

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Australian BitConnect boss hit with asset freeze and travel ban

Australian authorities have frozen the assets of BitConnect promoter John Bigatton, as international investigations into the world’s biggest cryptocurrency Ponzi scheme continue. As per request by the Australian Securities and Investments Commission (ASIC), the federal court also issued Bigatton with a travel ban, reports the Sydney Morning Herald.

2019-1-8 14:24	hard fork
bigatton bitconnect australian federal court international assets

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BitherCash: New Bitconnect-Like Crypto Loan Platform with BEC Tokens?

A new Ponzi scheme is operating in a similar way as Bitconnect was doing in the past. BitherCash, the name of this fraudulent scheme, has been reviewed by BehindMLM on November 10. According to the report, the company does not provide any information about who owns or runs the business. However, this seems to go […]

2018-11-11 21:16	News
bithercash scheme new company does according november

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“Bitcoin is a scam, Sell Everything”… Says The Living Bitconnect Meme Carlos Matos

Carlos Matos loooooooooooooooves Bitconneeeeeeeeeeeeeeeeeeeeeeeeeeeect… but he absolutely hates Bitcoin (BTC). The famous promo-maker of the most notorious Ponzi scheme in the world of cryptocurrencies, published a tweet a few hours ago advising all his followers to “sell everything” they had in Bitcoin (BTC) as it is a Scam: Bitcoin Is A Scam.

2018-10-27 19:32	Ponzi scheme
bitcoin sell everything scam carlos matos btc

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New BitConnect Class Action Combines All Former Suits — And Targets Youtube

According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U. S. District Court for the Southern District of Florida against BitConnect.

2018-10-19 22:58	Law & justice
bitconnect scheme suit against action new company

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5 Interesting BitConnect Facts You May Have Missed

Most cryptocurrency enthusiasts are all too familiar with the concept of BitConnect. For most of the people who invested in this scheme, things have not ended all that well. Some interesting key facts have come to light regarding this prominent Ponzi Scheme, courtesy of the BehindMLM team.

2018-10-1 20:00	Ponzi scheme
facts interesting bitconnect all scheme missed may

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US States Ask Indian Authorities to Seize Property of Former BitConnect Leaders

The Indian CID authorities are widening their investigation into the fallout from the BitConnect scheme.

2018-9-12 18:53	News
authorities indian bitconnect widening investigation scheme fallout

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Bitconnect Is Officially Dead

“BITCONNEEEEECT” The famous words of the Carlos Matos, the mind behind the ‘brilliance’ of what was Bitconnect. Bitconnect is now cryptos most infamous pyramid scheme and was a hot topic for discussion after the hilarious ‘press conference’ earlier in the year.

2018-9-12 16:00
bitconnect matos made dead carlos officially attitude

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Bitconnect Finally Gets Delisted From All Crypto Exchanges — “Officially Dead”

Crypto Exchange TradeSatoshi Bids Bitconnect Farewell Bitconnect, crypto’s now most infamous pyramid scheme, used to a hot topic of discussion within the cryptosphere, with everyone and their dog having something to say about the project.

2018-9-12 07:06	Scam
crypto bitconnect dead officially pyramid scheme all

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Self-Proclaimed Pyramid Scheme FOMO3D Pays Out $2.8M In Ethereum (ETH)

Meet The Self-Proclaimed Ponzi Scheme and Exit Scam The cryptocurrency market has its fair share of shady schemes — think Bitconnect or any of the multitude of exit scams that have occurred in the past few years.

2018-8-25 23:08
ethereum self-proclaimed scheme pyramid exit schemes eth

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Bitconnect Still Haunts Crypto World, Mentioned in US SEC Decision on Bitcoin ETF

Calls to rebuild the community and activity on Steemit are getting more active, pointing to a potential relaunch for the Ponzi scheme.

2018-8-25 16:36	News
steemit activity getting ponzi scheme relaunch potential

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Bitconnect Exchange Kingpin Who ‘Lured Investors’ Arrested in India

Murkier details of the Bitconnect cryptocurrency scam have emerged as police have arrested the head of the defunct cryptocurrency exchange. [Note: This is a guest article submitted by Bhushan Akolkar] Bitconnect — A Pyramid Scheme of Scams Last Saturday, August 18, Indian authorities arrested Divyesh Darji, the Asian head of defunct cryptocurrency exchange, in a high-profile scam worth 880 billion Indian Rupees ($12.

2018-8-21 13:00
arrested bitconnect exchange cryptocurrency india billion indian

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Brains behind $2.4 Billion Bitcoin Ponzi Scheme Arrested in Delhi

The man behind the Asian branch of the $2. 4 billion cryptocurrency scam operation Bitconnect has been arrested by police officers on August 18, 2018, from the Gujarat Criminal Investigation Department at Delhi Airport on his return to India.

2018-8-21 00:00	Scam
delhi arrested behind billion brains investigation ponzi

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BitConnect's Alleged Ringleader Arrested in India: Local Reports

Nearly eight months to the day after the ponzi scheme BitConnect exit scammed, the sins of the project have caught up to one of its figureheads. Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID).

2018-8-20 19:54	#scams
bitconnect platform 2018 these bcc service cid

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Bitconnect Head Divyesh Darji Arrested in India

One of the leaders of BitConnect, the most notorious crypto scam, was arrested on arrival in Delhi airport as talks emerged about a possible revival of the project with a new referral scheme.

2018-8-20 14:28	News
bitconnect arrested emerged talks airport possible scheme

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Arrested BitConnect kingpin is connected to yet another cryptocurrency scam

Nearly eight months after BitConnect pulled one of the most iconic exit scams in cryptocurrency history, the authorities across the globe are still catching up with the crooks behind the pyramid scheme.

2018-8-20 14:19	hard fork
bitconnect cryptocurrency arrested darji still department authorities

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Was BitConnect India A Ponzi Scheme? The Police Sure Think So

BitConnect India is now at the centre of an investigation as authorities believe that the whole concept was ‘probably’ a Ponzi scheme, a scam that saw round $3 billion in investments before the ‘exchange’ closed down in January 2018.

2018-8-20 14:00	Exchanges
bitconnect india scheme ponzi investigation around police

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TradeSatoshi To Delist BitConnect Amid Indications of Comeback in Social Media

The BitConnect lending pyramid scheme started to indicate a return on social media, while the old BCC asset was scheduled for delisting on the last exchange supporting it.

2018-8-13 16:27	News
social media bitconnect bcc old scheduled asset

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BitConnect is getting delisted from the last cryptocurrency exchange that still trades it

The final nail in BitConnect’s coffin will come September 10, when the last exchange to offer trading pairs in the controversial cryptocurrency will delist its worthless token, BCC. For the uninitiated – BitConnect was both a pyramid and Ponzi scheme masquerading as a cryptocurrency lending platform.

2018-8-10 15:53	Insider
cryptocurrency bitconnect when platform exchange returns greater

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BitConnect (BCC) Pumps on TradeSatoshi, SEC Calls Influencer Trevon James to Testify

Months after its crash, the BitConnect scheme is still a significant cautionary tale in the crypto space.

2018-8-6 12:06	News
bitconnect scheme crash still significant crypto space

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Facebook Could Be Next In the BitConnect Lawsuit After YouTube

YouTube, a video-sharing site owned by Google, just found itself involved in a lawsuit filed with the Southern District Court of Florida, on July 3, against BitConnect, which is a cryptocurrency lending platform built over a Ponzi scheme.

2018-7-11 16:19	Cryptocurrency
lawsuit youtube bitconnect filed found cryptocurrency next

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Bitconnect [BCC]’s lawsuit takes a turn; YouTube added as defendant

Bitconnect [BCC], a crypto investment platform, made waves on the Internet after one of their videos went viral on YouTube. Now, YouTube is added as a defendant in the lawsuit against the Ponzi scheme that was Bitconnect.

2018-7-7 10:09	News
youtube lawsuit bitconnect defendant added bcc one

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Utah man sentenced to 3 Years in $2.9m fraud scheme

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American Bitcoin Academy founder Brian Sewell gets 3 years for $2.9M crypto fraud

Utah resident Brian Gary Sewell has been sentenced to three years in federal prison for his role in defrauding investors out of roughly $2.9 million through an unlicensed cryptocurrency business. Sewell pleaded guilty to wire fraud and was sentenced to…

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China busts $20m BTC laundering ring, will crypto stance worsen?

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Belgian Court sentences three for crypto coach’s wife kidnapping

A Belgian court has sentenced three for the abduction of a crypto coach’s wife, marking another high-profile case amid the rising wave of crypto kidnappings in France. The Brussels Criminal Court court has sentenced three kidnappers to 12 years in…

2022-2-28 09:00

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