800 victims of ‘massive’ Bitconnect fraud to receive $17M restitution By Cointelegraph


© Reuters.

A group of crypto fraud victims of the BitConnect investment scheme will see some respite from the multi-billion dollar fraud scheme after a court ordered they receive a share in a $17 million restitution.

The United States District Court for the Southern District of California ordered the restitution for the “massive” scheme on Jan. 12 according to a release on the same day by the Department of Justice (DOJ).

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Kumbhani (right) in a 2017 interview. Image: YouTube