Mining Capital Coin CEO Luiz Capuci Jr is indicted Friday for orchestrating a scam that defrauded investors around the world of about $62 million, according to the U.S. Department of Justice (Read More)
For years banks around the world worried that regulating cryptocurrencies would legitimize them and pose a threat to the existing financial system. So they tried to kill bitcoin calling it a fraud, a Ponzi scheme, a vehicle for money launderers and terrorists to fund their activities. While in September 2017, Jamie Dimon, JPMorgan’s CEO, called […]
There is a bad news for high value crypto investors who have refrained from paying taxes over their investment gain. According to Economic Times (ET) report, India’s income tax department has started probing nearly 700 high value crypto investors on the ground of non-payment of tax. The IT department has already started working on issuing [...]
Early last week, authorities in the United States filed criminal and civil charges against a crypto executive and his sister for allegedly defrauding investors out of millions of dollars with the help of a little token called Ormeus Coin. Ormeus Coin – A Tool for Evil? John Barksdale and his sibling JonAtina are accused of...
Satish Kumbhani, the founder of BitConnect, thought to be the biggest crypto-related Ponzi scheme of all time, is nowhere to be found. Kumbhani, an Indian citizen, was indicted last week for misleading US investors about BitConnect’s purported “Lending Program.” “As alleged in the indictment, however, BitConnect operated as a Ponzi scheme by paying earlier BitConnect […]
The SEC is unable to locate the founder of the BitConnect platform Satish Kumbhani who is being sued for raising funds and scamming investors out of $2 billion so let’s read furhter in today’s latest crypto news. The Bitconnect founder is being sued for defrauding investors out of $2 billion and launching a Ponzi Scheme […]
The long-standing crypto fraud case against BitConnect, its founder, and promoters is yet to be resolved. The SEC has revealed that Satish Kumbhani, the founder of the crypto exchange, is nowhere to be found. The SEC is searching for BitConnect’s indicted founder In a recent court filing, SEC attorney Richard Primoff stated that Kumbhani has