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Victims of BitConnect fraud scheme to receive over $17 million in resitution

( January 13, 2023, 14:59 GMT | Official Statement) -- MLex Summary: The US Department of Justice announced a federal court has ordered the distribution of over $17 million in restitution to approximately 800 individuals from over 40 countries due to their investment losses in BitConnect. BitConnect operated "a textbook Ponzi scheme," paying earlier investors with later investors' money, DOJ said. A US promoter of the company had pleaded guilty last year to marketing BitConnect’s investments as lucrative.Statement follows below:...

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