Soils penetrate the protective coating and cause the film to become rough, less slip resistant and less reflective. Maximum floor appearance is achieved when the floor coating is clean and smooth. CNN Sans ™ & © 2016 Cable News Network.A properly maintained floor will reduce costly restoration. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account He could face up to 70 years in prison.ĬNN Business has reached out to Kumbhani for comment. Kumbhani is charged with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodity price manipulation, operation of an unlicensed money transmitting business and conspiracy to commit international money laundering. of the Justice Department’s Criminal Division. “Crime, particularly crime involving digital currencies, continues to transcend international boundaries,” said Assistant Attorney General Kenneth A. Kumbhani’s promoters allegedly propped up the price of BitConnect’s digital currency to create false market demand. Kumbhani and his co-conspirators allegedly made about $2.4 billion in the scheme.Īfter about a year, the statement said, the lending program abruptly stopped. “As alleged in the indictment, however, BitConnect operated as a Ponzi scheme by paying earlier BitConnect investors with money from later investors,” the Justice Department said in a statement. Hollywood actor's Ponzi scheme, explained: Why investors keep falling for scams Horror-film actor Zachary Horwitz, 35, flanked by attorneys, was sentenced to a maximum of 20-years by a federal judge for running what prosecutors say is the biggest Ponzi scheme in Hollywood history Gary Coronado/Los Angeles Times/Shutterstock

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