
BitConnect founder charged with orchestrating $2 billion Ponzi scheme
CNN
A federal grand jury in San Diego indicted the founder of BitConnect for allegedly orchestrating a $2.4 billion global Ponzi scheme, the Justice Department said Friday.
Satish Kumbhani, 36, is accused of misleading investors about the cryptocurrency's "lending program," where he claimed the proprietary technology would bring substantive returns to investors by tracking cryptocurrency exchange markets.
More Related News

Oklahoma’s governor picks energy executive Alan Armstrong to fill US Senate seat through end of year
Oklahoma’s governor on Tuesday appointed energy executive Alan Armstrong to serve in the US Senate through the end of the year and finish the term of Republican Markwayne Mullin, the new homeland security secretary.












