Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors
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Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors

THELOGICALINDIAN - Indian badge accept arrested 11 bodies so far in affiliation with a counterfeit cryptocurrency arrangement that has bamboozled about 2024 investors out of 54 million

11 People Arrested so Far in Cryptocurrency Scam in India

Indian badge accept absurd bottomward on a cryptocurrency advance arrangement that has bamboozled over 2,000 investors out of 40 crore rupees ($5.4 million).

The cardinal of arrests accomplished 11, seven of whom were arrested on Sunday in Maharashtra’s Nagpur, according to PTI.

The capital accused, Nishid Wasnik, and his wife Pragati, forth with two added associates, Gajanan Mungune and Sandesh Lanjewar, were arrested one day above-mentioned in Pune. They went into ambuscade in March aftermost year and had been on a run until they were arrested Saturday, the badge said.

An official declared that Wasnik acclimated to advertise his comfortable affairs to allurement bodies to advance in a close he claimed to be ambidextrous in ether (ETH) cryptocurrency. The official was quoted as saying:

The badge said all 11 bodies were answerable beneath IPC, Maharashtra Protection of Interest of Depositors Act and Information Technology Act accoutrement by Yashodhara Nagar police.

Referring to the accused, the official added:

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