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SEC Charges Global Crypto Lending Platform and Top Executives in $2 Billion Fraud
1 Sep 2021, 1:36 pm by Mark Astarita
The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded…Read the Full Press ReleaseHave a securities law question? [read post]
Securities Law Blog - http://seclaw.blogspot.com/
Non-U.S. Crypto and Other Money Services Businesses: Have Customers in the U.S.? Beware of AML and Sanctions Compliance Risk
3 Mar 2022, 2:41 pm by Matthew Moses
Exchanges operating outside the United States that do not yet have but want to attract U.S. users should also consider implementing such measures. [1] Also last week, on February 25, 2022, BitConnect founder Satish Kumbhani was indicted in a cryptocurrency Ponzi scheme, which the government alleges deprived investors worldwide, including in the United States, of over $2 billion. [read post]
On the Chain - https://blogs.orrick.com/blockchain/