BitConnect Archive
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A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations.
By satoshi
February 26, 2022
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“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department.
By satoshi
November 16, 2021
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Former BitConnect promoter Glenn Arcaro has pled guilty to his role in the saga, but the whereabouts of the firm’s founder Satish Kumbhani is unknown.
By satoshi
September 1, 2021
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Four of six U.S.-based promoters of the notorious BitConnect Ponzi scheme have reached settlement agreements with the SEC.
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The Australian could be 99-years old by the time he is released if he’s sentenced to the maximum penalty.
By satoshi
November 17, 2020
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John Bigatton has been barred from providing financial services in Australia for seven years for his involvement with the BitConnect Ponzi scheme.
By satoshi
September 3, 2020
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Mysterious deaths, royal connections and billions in stolen crypto, here’s how the biggest alleged exit scams line up
By satoshi
August 16, 2019
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By CCN: Another cryptocurrency scam, same fraudster. Police in India’s city of Surat have implicated infamous BitConnect promoter Divyesh Darji in yet another cryptocurrency scam. According …
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The Criminal Investigation Department in Gujarat, India has unearthed an alleged cryptocurrency scam involving a BitConnect promoter
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By CCN: In 2016 a cryptocurrency project named BitConnect came along offering 1% daily compounded interest for those who purchased and staked its token. When the …
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New Zealand has suffered one of its darkest days after a terrorist targeted several Christchurch mosques killing 49 people and seriously wounding 20 others. The alleged …
By satoshi
March 15, 2019
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The FBI wants to identify alleged victims of the Bitconnect alleged ponzi scheme via a questionnaire
By satoshi
February 22, 2019
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Like most scams, it will be years before Bitconnect’s operators have felt the full weight of their actions. However, the US government wants victims to help …
By satoshi
February 20, 2019
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From the fall of Bitconnect to elaborate sim-swap swindling, let’s take a look at the biggest scams of 2018
By satoshi
January 9, 2019
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John Bigatton, a promoter of $2.6 billion alleged Ponzi scheme Bitconnect, is now under a travel ban imposed by the Australia federal court
By satoshi
January 8, 2019
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John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the Australian Securities and Investments Commission (ASIC), functions very similarly to the …
By satoshi
January 7, 2019
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Regulators in the United States have filed over 90 cryptocurrency fraud cases in the last two years, the Wall Street Journal reports. While it is difficult …
By satoshi
December 28, 2018
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Crypto social media personality Trevon James, who was intimately involved in the promotion of the HYIP scheme BitConnect, which eventually led to law enforcement and legal …
By satoshi
December 3, 2018
