BitConnect International, PLC had a somewhat unique business model, even for an industry known for its unconventional nature. On its face, BitConnect functioned as an exchange. However, the real ...

Glenn Arcaro of Los Angeles pleaded guilty Sept. 1 in federal court for his participation in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, which defrauded investors ...

BitConnect's founder was indicted by a federal grand jury for orchestrating a $2.4 billion cryptocurrency Ponzi scheme, the U.S. Justice Department said. Satish Kumbhani, 36, of Hemal, India, the ...

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.

A San Diego federal judge on Thursday ordered the top U.S.-based promoter of a worldwide cryptocurrency scam to pay more than $17.6 million in restitution to nearly 800 victims from around the globe.

A California judge has ordered $17 million in restitution to be paid out to hundreds of victims of the BitConnect Ponzi scheme, the infamous global scam that collapsed in 2018. U.S. District Court ...

CORAL SPRINGS, Fla., Dec. 5, 2022 /PRNewswire/ -- In January 2018, cryptocurrency lending and exchange platform BitConnect abruptly shut down its operations amidst what was quickly discovered to be a ...