DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme Post author:MiamiCrypto Post published:February 26, 2022 Post category:BitConnect / Fraud / Ponzi-scheme / Scams / trading / United States A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations. You Might Also Like CFTC commissioner appoints crypto-experienced CME Group director as chief counsel May 5, 2022 FTX reportedly gets 3 more months to stop all operations in Japan December 9, 2022 Bittrex to Close Operations in the US Due to Regulatory Hurdles April 1, 2023