● NEWS ● #LosAngelesTimes #Energy ☞ Founder of #cryptocurrency company #BitConnect charged in $2.4-billion fraud https://www.latimes.com/california/story/2022-02-26/cryptocurrency-founder-charged-in-2-4-billion-fraud
#bitconnect
Cryptocurrency scam in the news
The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the crypto lending program BitConnect.
The BitConnect scam is alleged to have swindled thousands of people in the U.S. and abroad out of more than $2 billion worth of bitcoin.
The Securities and Exchange Commission in September sued BitConnect, its founder Satish Kumbhani and Glenn Arcaro, who was the lead promoter of BitConnect in the United States.
#BitConnect #fraud #cryptocurrency #scam #Ponzi
https://www.cnbc.com/2021/11/16/us-selling-seized-cryptocurrency-in-bitconnect-fraud-case.html