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$2.4-bn fraud accused Indian founder of BitConnect has disappeared: US regulator
short by Kiran Khatri / on Tuesday, 1 March, 2022
Cryptocurrency investment platform BitConnect's Founder Satish Kumbhani, charged criminally in the US for running a $2.4-billion ponzi scheme, has disappeared from India, officials said. The 36-year-old Kumbhani has "likely relocated from India to an unknown address in a foreign country", SEC attorney Richard Primoff said in a court filing. US SEC has been attempting to locate him since November.
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