The U.S. Securities and Exchange Commission (SEC) finally decided to sue BitConnect founder Satish Kumbhani for the multibillion crypto Ponzi scheme that he conducted well over three years ago — but he is nowhere to be found.
What Happened: Despite its best efforts, the SEC cannot locate Kumbhani, who is now convicted for defrauding U.S. investors of more than $2 billion. Monday's court filings revealed that Kumbhani's last known location was in India — his native country — and his current whereabouts are unknown.
