SEC موسس و مدیران BitConnect را به تقلب 2 میلیارد دلاری در ارزهای دیجیتال متهم کرد

Years after the crypto-trading platform BitConnect went defunct, the SEC has now متهم its founder for fraud.

Satish Kumbhani, along with the company’s top executives, will face litigation for defrauding retail investors of $2 billion. The complaint alleges that the program was an “unregistered offering and sale of securities.”

Promoter Glenn Arcaro, another party to the SEC’s case against BitConnect, also pleaded guilty in criminal court in a parallel اقدام.

Hinting at future actions against similar entities, acting U.S. Attorney Randy S. Grossman commented,

“The Department of Justice will continue to protect the investing public and scrutinize the burgeoning cryptocurrency industry.”

In May, the SEC had شکایت five other BitConnect promoters in the ongoing investigation for violation of federal securities laws. However, the regulator later settled with two of the five defendants.

Lara Shalov Mehraban, Associate Regional Director of the SEC’s New York Regional Office, گفت:,

“We will aggressively pursue and hold accountable those who engage in misconduct in the digital asset space.”

In an attempt to regulate cryptocurrencies, the SEC has called to treat some digital assets as securities. However, the deciding case for the claim is ongoing in the Ripple v. SEC طرح دعوی در دادگاه. With the case far from its conclusion, the regulatory groundwork remains shaky in the U.S.

In July, Federal Reserve Chairman Jerome Powell تاکید the need to regulate cryptocurrencies before the Financial Services Committee. SEC Chairman Gary Gensler also recently تصریح کرد that the cryptocurrency domain needs to come within the ambit of the law. Soon after, the SEC اعلام کرد charging two men in the ‘first DeFi’ case for ‘unregistered sales’ of more than $30 million of securities.

It is clear from the ongoing probes that U.S regulatory watchdogs are becoming stricter to protect investors and enforce tax compliance within the cryptocurrency space.

The SEC’s lawsuits are currently looking at violations of the anti-fraud and registration provisions of federal securities laws. Hence, the BitConnect defendants are looking at heavy penalties if they plead guilty. Since the BitConnect scheme is said to be the largest cryptocurrency fraud charged جنایی, they might also be looking at a lengthy jail term.

Arcaro will be sentenced on 15 November.

Source: https://ambcrypto.com/sec-charges-bitconnect-founder-execs-with-2b-cryptocurrency-fraud/