4 suspects allegedly interested in a cryptocurrency scam are arrested by Law enforcement in Mumbai, India. The scam allegedly amassed a probable 1 billion rupees (over $14 million). This development is reported by English-language daily media outlet The Times of India on March 22.
According on the report, police officers arrested Pradeep Arora, Ashok Goyal Jaipuria, Baljit Singh Saini, and Asif Malpani from Delhi. A variety of Goyal’s bank accounts have already been allegedly frozen in addition since he can be purportedly the actual top of the scheme. Interestingly, The periods of India also mentions that the unnamed Bollywood actor who supposedly attended promotional era of the scam are going to be questioned to boot.
As per several media reports recently, Indian public first uncovered the supposed scam and arrested the main 4 suspects in February. However, they didn’t arrest Goyal up to now. Notably, the best complaint that resulted in the action was filed in Surat, a major city in the Indian capital of scotland – Gujarat. Interestingly, this complaint was filed by any person claiming to possess been defrauded with the equivalent of nearly $150,000.
Indian police also arrested an affiliate of a separate group accused of conducting a cryptocurrency scam, at the beginning of January. The scam involved around 5 billion rupees (about $71.Six million).
In another lately exposed cryptocurrency scam, Morgan Rockcoons, better known as Morgan Rockwell, has pleaded guilty or two crypto-related charges in Southern california federal court. He allegedly admitted both to operating a money transmitting business without having a license and then selling land he did not have for a cryptocurrency-related city project dubbed “Bitcointopia”.