24 Jul FBI probes Surat man’s role in cryptocurrency fraud | Surat News
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Surat: Two officers from Federal Bureau of Investigation (FBI) of United States have questioned the mastermind of cryptocurrency racket Satish Kumbhani recently. Kumbhani was arrested by Surat division of criminal investigation department (CID) crime in the city in June.
The FBI officers based in New Delhi had visited the city and questioned Kumbhani to ascertain his role in the cryptocurrency racket that he allegedly ran in US. CID officers refused to divulge further details since it is an ongoing investigation.
“Kumbhani not only cheated investors in India but also in 10 other countries including US. People invested millions in the cryptocurrency floated by Kumbhani and suffered huge losses,” said a CID officer.
Kumbhani marketed Bitconnect, the cryptocurrency he floated in US and other countries. Following financial losses, Kumbhani’s firm was served notices by the concerned department in US. “But they could not locate him since he was on the run. When they came to know…
The FBI officers based in New Delhi had visited the city and questioned Kumbhani to ascertain his role in the cryptocurrency racket that he allegedly ran in US. CID officers refused to divulge further details since it is an ongoing investigation.
“Kumbhani not only cheated investors in India but also in 10 other countries including US. People invested millions in the cryptocurrency floated by Kumbhani and suffered huge losses,” said a CID officer.
Kumbhani marketed Bitconnect, the cryptocurrency he floated in US and other countries. Following financial losses, Kumbhani’s firm was served notices by the concerned department in US. “But they could not locate him since he was on the run. When they came to know…
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