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AMB Crypto 2021-09-02 20:30:58

SEC charges BitConnect Founder, execs with $2B cryptocurrency fraud

Years after the crypto-trading platform BitConnect went defunct, the SEC has now charged its founder for fraud. Satish Kumbhani, along with the company’s top executives, will face litigation for defrauding retail investors of $2 billion. The complaint alleges that the program was an “unregistered offering and sale of securities.” Promoter Glenn Arcaro, another party to […]

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