A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnectâs âLending Programâ among other allegations.
DOJ indicts BitConnectâs Indian founder for $2.4B crypto Ponzi scheme
The U.S. Department of Justice has indicted BitConnect's Indian founder, Satish Kumbhani, for allegedly orchestrating a $2.4 billion cryptocurrency Ponzi scheme through the platform's "Lending Program," among other charges.
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