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 […]