Indian police apprehend two new suspects in Ponzi case GainBitcoin. The gigantic financial scam is at the heart of media debates both in India and abroad.
The biggest cryptocurrency scam in India
GainBitcoin is one of the biggest scams ever revealed . It is also the largest Ponzi scheme in the Indian cryptocurrency sector. It has cost more than 300 million US dollars to investors . More than 8,000 individuals were reported to have been victims . They have invested in expectation of a return of 1% per month promised by the so-called digital currency business.
Times of India reported that one of the two men recently arrested was Chetan Patil, a 27-year-old buyer. The other suspect is Amit Bhardwaj, who has already been arrested in April.
New grounds of indictment
The duo would apparently be responsible for marketing the Ponzi scheme nationwide. In light of these new arrests, an unnamed official announced:
"The victims were asked to invest a Bitcoin for which they would get a 1% return. But the company never gave them returns; instead, they ran away from the place. The duo participated in the commercialization of the project. They had attracted hundreds of people and then disappeared. We investigate the case and we also discover how many other people have been duped. "Another scam called CoinBank has also been discovered. Bhardwaj is also responsible for this new case of cybercrime . of FIR were filed against him and his associates in most Indian cities after a thorough investigation by the relevant authorities. Some famous personalities like Sunny Leone, Arti Chabria, Karishma Tanna and Prachi Desai have promoted the company's products during various conferences.
What do you think about the magnitude of the GainBitcoin case? Tell us in the comments section below.
Posted from my blog with SteemPress : https://infos.link/in-india-two-new-suspects-arrested-in-ponzi-gainbitcoin-case/