in Mumbai, have arrested four more suspects allegedly involved in a that amassed an estimated 1 billion rupees (over $14 million). English-language daily media outlet The Times of India on the arrests on March 22.
Per the report, the arrested Ashok Goyal Jaipuria, Asif Malpani, Baljit Singh Saini and Pradeep Arora from Delhi. Several of Goyal’s bank accounts have been reportedly frozen as well, since he is allegedly the head of the scheme. The Times of India also states that an unnamed Bollywood actor who reportedly attended promotional events of the scam will likely be questioned as well.
As Cointelegraph last month, Indian law enforcement first exposed the alleged scam and arrested the first four suspects in February, but did not arrest Goyal until recently. The first complaint that led to the prosecution was filed in Surat, a city in the Indian city of Gujarat, by an individual alleging to have been defrauded of the equivalent of nearly $150,000.
At the beginning of January, Indian an associate of a separate group accused of conducting a scam involving 5 billion rupees (about $71.6 million).
In another recently uncovered crypto scam, Morgan Rockcoons, also known as Morgan Rockwell, has to two -related charges in San Diego federal court. He reportedly admitted both to selling land he didn’t have for a crypto city project dubbed “Bitcointopia” and to operating a money transmitting business without a license.
Published at Sat, 23 Mar 2019 14:01:04 +0000
