Police in India have cracked a crypto Ponzi scheme in the city of Pune that defrauded over 8,000 investors, seizing nearly $2 million worth of bitcoin in the process. Continue reading Indian Police Bust Bitcoin Ponzi Scheme that Defrauded 8,000 Crypto Investors
Tag Archives: Police
Japanese Police See Surge in Suspicious Cryptocurrency Trade Reporting
The National Police Agency of Japan has revealed that between January and October this year, it recorded 5,944 reports from crypto exchanges regarding suspicious cryptocurrency transactions possibly involving money laundering and tax evasion. Continue reading Japanese Police See Surge in Suspicious Cryptocurrency Trade Reporting
Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam
Indian police in the city of Pune have charged Amit Bharadwaj along with three other individuals – Vivek Bharadwaj, Pankaj Adlakha and Hemant Bhope, involved in a multi-level marketing (MLM) crypto scam. It is alleged that Amit who is the central character of the trial collected about Rs 10 crore (about $1.42 million) from unsuspecting investors, under the guise of high-yield cryptocurrency investments. Continue reading Indian Police File Charges Against Masterminds of $60 Million Bitcoin Scam