BitConnect web developer extradited from Abu Dhabi to India
A BitConnect web developer has been deported from Abu Dhabi at the behest of Indian authorities.
Dhavan Mavani (right) had been hiding out in Abu Dhabi following BitConnect’s collapse early last year.
According to a July 31st Times of India report, the Crime Investigation Department in Gujurat filed a case against Mavani (right) last July.
In the case the CID allege charges of cheating, breach of trust, criminal conspiracy and multiple violations of the Indian Penal Code and Prize Chits and Money Circulation Schemes (Banning) Act.
Indian authorities sought Mavani with the help of Interpol via a red corner notice.
Following Mavini’s deportation from Abu Dhabi last week, he was apprehended and taken into custody by the CID in Gujurat.
The case against him and other BitConnect scammers continues.
Update 7th August 2019 – Mavani’s arrest has lead police to a stash of 343 bitcoin.
123 BTC has already been recovered with the remaining 220 BTC expected to be recovered shortly.
At the time of BitConnect’s collapse 343 BTC held a street value of $3.9 million.
While Abu Dhabi is not quite Dubai, it’s good to see the Middle East scam-haven shrinking.
Article updated with recovery of 343 BTC from Mavani’s stash.
BitConnect scammer Trevon James talks about his past and present dealings with the SEC:
youtube.com/watch?v=NHqiclpn8eE
Apparently, he got a call from SEC on Moday, telling that they are looking to press charges against him on three counts. Hard to undrestand the scammer’s reasoining, but James says he is not going to jail “because SEC don’t send people to jail” but needs to pay victims rest of his life, but doesn’t have the money to do it.
James also says that SEC also wants him to stop making “crypto videos”. 🙂
He must be freaking out. The US have an appetite for punishing those responsible.
The US doesn’t have an extradition treaty with the UAE but India can extradite to its close US ally. Sweet dreams.
Thanks for keeping on top of this one Semjon.
Still feeling a bit rubbish as I go to bed for the night. Looking to catch up on news from tomorrow.
There is more. 🙂
It seems that SEC is finally moving to get these scammers. In a video from July 29, an another BitConnect scammer says that SEC contacted him because they were trying to make decisions about pressing charges, and they needed information from him to make determinations on the matter:
youtu.be/aiHrwstGaPc?t=254
Also, a couple of months ago, the guy from the famous BitConnect songs and memes, Carlos Matos put out a video in which he said that BitConnect is a scam, he lost tons of money in it, and his wive left him because he is a loser:
youtube.com/watch?v=3odIbJl-dGM
The wife whom Matos mocked on stage for telling him it was a scam at the breakfast table? “She’s like, ohohoh it’s a scam, and I’m like, waaaagh” etc.
Guess she’s cleverer than I gave her credit for. Now she just needs to get the decree nisi before Matos gets his assets seized.
Yep. And this Matos meme is now a little bit funnier:
youtu.be/lGsjdHe0p_4?t=310