Indian founder on the run in global $2 4 bn crypto ponzi scheme indianewengland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianewengland.com Daily Mail and Mail on Sunday newspapers.
Satish Kumbhani, founder of cryptocurrency platform BitConnect who has been indicted in the US for running a $2.4 billion crypto ponzi scheme, has likely "relocated from India to an unknown location" abroad.A federal grand jury in San .
A federal grand jury in San Diego charged Satish Kumbhani, founder of BitConnect, with orchestrating a global Ponzi scheme. He is accused of conspiracy to commit wire fraud,
36-year-old Indian founder charged for global crypto ponzi scheme worth $2.4 billion - BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalisation of $3.4 billion.