Location of BitConnect founder still unknown, SEC tells Court
The SEC is still unable to locate Satish Kumbhani, founder of BitConnect, according to the latest Court filings.
The SEC is still unable to locate Satish Kumbhani, founder of BitConnect, according to the latest Court filings.
The SEC has learned that Satish Kumbhani, the founder of BitConnect, might have relocated from India to a different country.
The SEC has been unable to locate founder of BitConnect Satish Kumbhani, who has left India.
The SEC has learnt that BitConnect founder Satish Kumbhani has likely relocated from India
to a different foreign country.
Pending resolution of a related criminal case, the civil case proceedings brought by the SEC against BitConnect are stayed.
The SEC has secured default judgments against Glenn Arcaro, the top US promoter of BitConnect, and Future Money.
The DOJ pushes to intervene in SEC’s case against BitConnect and stay civil proceedings because of the pendency of a parallel criminal case.
The SEC does not know for sure whether the founder of crypto lending platform BitConnect is in India or not.
Glenn Arcaro has pleaded guilty in federal court for his participation in a massive conspiracy involving BitConnect.
The SEC has obtained judgments against BitConnect promoters Michael Noble and Joshua Jeppesen, as well as a relief defendant.