BitConnect founder Satish Kumbhani, who disappeared in February after being indicted in a $2.4 billion Ponzi scheme that allegedly defrauded U.S. investors, is now wanted by Indian police as well. By amitoj
Satish Kumbhani, the founder of crypto protocol BitConnect, is being sought by Indian police in the southwest city of Pune after an investor named him in a complaint over missing bitcoins.
The complaint, known as a First Information Report , was filed after a local lawyer said he lost close to 220 bitcoins worth Rs 420 million through multiple cryptocurrency investment platforms, according to a police officer who spoke to CoinDesk. A First Information Report is prepared by the police after verifying the facts of the complaint and requires an official investigation.
BitConnect, founded in 2016, was a popular project in the initial coin offering rage in mid-2017. It raised billions of dollars from investors for a protocol that purportedly paid out 10% in interest earnings via its BCC token. Users who referred other investors received even more benefits.in February after being indicted in a $2.4 billion Ponzi scheme that is said to have defrauded investors in the U.S.
The lawyer, who wasn't identified, named Kumbhani and six others and said he was defrauded of his original investment of 54 bitcoins and the returns of 166 bitcoins that he was made to reinvest into platforms between 2016 and 2021, according to Indian Express,
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Burglars wanted in hour-long spree of restaurant break-ins from Calabasas to Westlake VillageThe burglars were caught on security video, breaking into a total of seven restaurants between 2:35 a.m. and 3:35 a.m. on Aug. 3, according to the Los Angeles County Sheriff's Department.
Lire la suite »
Ezra Miller Getting Help for 'Complex Mental Health Issues'Ezra Miller is finally addressing what many have believed were significant mental health issues ... this after months of erratic behavior and run-ins with the law.
Lire la suite »
Texas community mourns loss of coach killed at Little League gameFriends and family identified Little League coach Mike Hickmon as the man killed during a football game in Lancaster on Saturday: 'Everybody loved him.'
Lire la suite »
Uber Has Shown Us the Future It Wants for EmploymentUber and Lyft’s effort to transform employment has stalled out in the states—so they’re trying to do it nationally.
Lire la suite »
Larry Ellison Lists Florida Estate for $145 MillionTech billionaire Larry Ellison is listing his oceanfront estate in North Palm Beach, Fla., for $145 million, just over a year after purchasing it for $80 million
Lire la suite »