Satish Kumbhani
Associated companies: BitConnect
85Scam score
$2400.0MDocumented losses
180,220Reported victims
Profile
Satish Kumbhani was identified as the mastermind behind BitConnect, a cryptocurrency investment platform that operated as a Ponzi scheme. As the alleged architect of one of the largest cryptocurrency frauds in history, Kumbhani orchestrated a scheme that defrauded investors of billions of dollars before disappearing.
Timeline
- 2016BitConnect cryptocurrency platform launched
- 2018-01BitConnect platform shut down amid regulatory pressure
- 2022-02US Department of Justice charged Kumbhani with conspiracy to commit commodity price manipulation
- 2022Kumbhani's whereabouts remain unknown, believed to be fugitive
Frequently Asked Questions
- Who is Satish Kumbhani?
- Satish Kumbhani was identified as the mastermind behind BitConnect, a cryptocurrency investment platform that operated as a Ponzi scheme. As the alleged architect of one of the largest cryptocurrency frauds in history, Kumbhani orchestrated a scheme that defrauded investors of billions of dollars before disappearing.
- What is Satish Kumbhani's fraud risk rating?
- Satish Kumbhani has a scam score of 85/100 (critical risk) based on open-source intelligence, regulatory records, and investigative reporting aggregated by ScamTelegraph.
- What companies is Satish Kumbhani associated with?
- Satish Kumbhani is associated with the following companies or entities: BitConnect.
- How many investigations mention Satish Kumbhani?
- ScamTelegraph has published 34 investigative articles mentioning Satish Kumbhani, including: My BlockX securities fraud warning from ON, Canada; BitConnect’s Satish Kumbhani indicted in the US; BitConnect Ponzi scheme collapses, $2.4 billion wiped in 10 days.
Coverage on ScamTelegraph
- My BlockX securities fraud warning from ON, Canada
- BitConnect’s Satish Kumbhani indicted in the US
- BitConnect Ponzi scheme collapses, $2.4 billion wiped in 10 days
- 62 BitConnect facts from Craig Grant’s Glenn Arcaro data dump
- 800 BitConnect victims to receive $17 million in restitution
- Insider21 passed on Rippln due to Ripple lawsuit
- Bonofa given all-clear in Lebanon?
- Empower Network battles affiliates over compliance
- Indian court suspends BitConnect extortion cop’s life sentence
- Nephew of BitConnect extortionist arrested
- BitConnect’s Satish Kumbhani tracked to Ahmedabad, Gujarat
- BitConnect extortioner Shailesh Bhatt arrested in Ahmedabad
- Trevon James & Craig Brown facing BitConnect default judgments
- BitConnect scammer John Bigatton avoids prison
- Bjorkman sues Exp Realty & Glenn Sanford for defamation
- Indian authorities seize $51.9 million tied to BitConnect
- Exp Realty lawsuit alleges “drugging & sexual assault of women”
- Glenn Arcaro’s BitConnect CA Supreme Court writ denied
- BitConnect’s Glenn Arcaro sentenced to 38 months in prison
- New BitConnect case against Kumbhani in India
- Glenn Arcaro’s BitConnect sentencing delayed till May 6th, 2022
- Glenn Arcaro pleads guilty to BitConnect criminal charges
- BitConnect, Satish Kumbhani & Glenn Arcaro sued by SEC
- Class-action filing alleges BitConnect defendants on run from law
- Arcaro, Maasen & YouTube dismissed from BitConnect class-action
- Suspected BitConnect owner also behind RegalCoin
- US authorities seek to recover $5.6B from BitConnect scammers
- Top BitConnect affiliate arrested at Delhi airport, India
- BitConnect tied to Indian demonetization, three owners on the run
- Kidnapping and extortion escapades in India reveal BitConnect owner?
- Top US BitConnect investor Glenn Arcaro vanishes
- MOBE staff arrested in Malaysia for immigration violations?
- Filho continues to mock DFRF Enterprises FBI investigation
- What do we know about the Herbalife grand jury?