Bitconnect founder indicted for alleged $2 billion Ponzi scheme.
Satishkumar Kurjibhai Kumbhani, 36, of Surat, Gujarat, India, is accused of what the U.S. Attorney's Office said is believed to be the largest cryptocurrency fraud ever criminally charged.
Kumbhani is also charged in a separate alleged scheme with artificially inflating the price of BitConnect's digital currency -- called BitConnect Coin or BCC -- and through his promoters, create the appearance that there was an increased demand for BCC.
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