Bitconnect Meme

We thank our partners around the world for their continued efforts.” “This indictment alleges a massive cryptocurrency scheme that defrauded investors of more than $2 billion ,” said U.S. Attorney Randy Grossman for the Southern District of California.

BitConnect used money from new investors to pay earlier ones and also operated as an unlicensed money transmitting business, the U.S. said. BitConnect closed its exchange in January 2018 after getting cease-and-desist letters from state regulators in Texas and North Carolina.

BitConnect used money from new investors to pay earlier ones, the U.S. said. BitConnect founder Satish Kumbhani, charged criminally in the U.S. last week with a $2.4 billion Ponzi scheme, has vanished from his native India , officials said.