Satish Kumbhani News
15.07 / 11:54
Provident
Man
Platform
security
BitConnect
ASIC
Courts
Australian Court Charges Former Promoter of Crypto Ponzi Scheme BitConnect
The Sydney District Court has convicted the man behind the promotion of the now-defunct crypto exchange platform BitConnect. According to the nation’s corporate regulator, he was accused of providing unlicensed financial advice.
18.08 / 18:07
01.03 / 19:29
Digital
SEC
Action
BitConnect
‘Missing’ BitConnect founder presents more questions than answers for SEC
BitConnect founder Satish Kumbhani has reportedly disappeared from India, according to a Bloomberg report which cited local officials. The exchange founder was just indicted for orchestrating a Ponzi scheme by federal prosecutors.
01.03 / 16:49
SEC
Scams
fraud case
SEC unable to locate BitConnect founder convicted in $2.4B fraud case
Indicted by the United States Department of Justice in a $2.4 billion Ponzi scheme, BitConnect founder Satish Kumbhani remains untraced following conviction.
01.03 / 08:19
SEC
Platform
BitConnect
BitConnect's Indicted Founder Satish Kumbhani Has Disappeared: Report
Last September, the U.S. market regulator had sued Satish Kumbhani.
28.02 / 07:21
Ethereum
cryptocurrency
Bitcoin
Cryptocurrency Prices Today: Bitcoin, Ethereum dip marginally as Tether, Cardano inch upwards
The global cryptocurrency market capitalisation fell 1.35 percent over the last 24 hours to $1.72 trillion, while trading volumes jumped 19.71 percent to $81.67 billion during the same period.
27.02 / 12:37
cryptocurrency
BitConnect
Indian
fraud case
Satish Kumbhani, Indian founder of BitConnect, indicted by US in $2.4 billion crypto fraud case
The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth USD 2.4 billion, federal prosecutors said.
27.02 / 06:59
BitConnect
us sec
BitConnect's Satish Kumbhani charged by US in $2.4 billion Ponzi scam
BitConnect founder Satish Kumbhani was indicted by a US grand jury on charges he orchestrated a global Ponzi scheme that raised $2.4 billion from investors in a fraudulent cryptocurrency investment platform, according to a Justice Department statement. Kumbhani, 36, was charged in San Diego with misleading investors about BitConnect’s purported propriety technology, which falsely promised returns based on phony “volatility software” that tracked cryptocurrency exchange markets, prosecutors said Friday. BitConnect used money from new investors to pay earlier ones and also operated as an unlicensed money transmitting business, the US said.
26.02 / 06:29
Ethereum
cryptocurrency
Bitcoin
Cryptocurrency Prices Today: Bitcoin, Ethereum recover to trade in green
The global cryptocurrency market capitalisation rose 4.01 percent over the last 24 hours to $1.80 trillion, while trading volumes were down about 36.17 percent to $97.59 billion during the same period.
facts about Satish Kumbhani
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