
BitConnect founder charged with orchestrating $2 billion Ponzi scheme
CNN
A federal grand jury in San Diego indicted the founder of BitConnect for allegedly orchestrating a $2.4 billion global Ponzi scheme, the Justice Department said Friday.
Satish Kumbhani, 36, is accused of misleading investors about the cryptocurrency's "lending program," where he claimed the proprietary technology would bring substantive returns to investors by tracking cryptocurrency exchange markets.

As Trump’s ‘two week’ deadline for Russia expires, he faces a series of unresolved foreign conflicts
Two weeks after President Donald Trump set a 14-day timeline for determining the willingness of his Russian counterpart to end the conflict in Ukraine, he says he is coming to believe Vladimir Putin doesn’t care about the human cost of his war.

President Donald Trump said Tuesday that he plans to phase out the Federal Emergency Management Agency after this year’s hurricane season, offering the clearest timeline yet for his administration’s long-term plans to dismantle the disaster relief agency and shift responsibility for response and recovery onto states.