[ad_1]
WASHINGTON — Regulators on Wednesday sued an offshore company that allegedly carried out one of the biggest cryptocurrency scams ever.
The Securities and Exchange Commission has accused BitConnect and its founder, Satish Kumbhani, of a $ 2 billion fraud that abused bitcoin collected from investors around the world. An American promoter of the scheme, Glenn Arcaro, has pleaded guilty in federal criminal court for his role in hijacking American investors.
[ad_2]
Source link