The legal woes of Satish Kumbhani, the discredited founder of crypto scam BitConnect, continue - Indian police have booked him after a lawyer told the authorities that he had been defrauded out of close to BTC 220 (USD 5.2m) through a series of scams perpetrated by Kumbhani and others.
Per The Indian Express, the police in Pune, a city in the western Indian state of Maharashtra, has launched a probe into an alleged crypto fraud and has already booked Kumbhani - the man previously indicted in a US court for orchestrating a USD 2.4bn-heavy international Ponzi and is now being investigated by the FBI.
A First Information Report (FIR) in the case was registered with the Cyber Police station of the Pune City Police on Tuesday, and it names the founder of BitConnect and six other individuals, Forbes India reported.
An FIR is a document that has been prepared by the police after verifying the facts of the complaint, per The Indian Express.
The complainant claims that he was defrauded of...
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