May 29, 2024

Cryptocurrency scam: Seven more accused arrested for duping two thousand investors of 40 crores

Seven more people were arrested on Sunday for duping 2,000 investors to the tune of Rs 40 crore in a cryptocurrency fraud case in Nagpur. After this, the total number of people arrested has gone up to 11.

Nagpur: A big racket of fraud in cryptocurrency has been busted in Nagpur district of Maharashtra. Nagpur Police has arrested 11 people in this case. Seven more people were arrested on Sunday for duping 2,000 investors to the tune of Rs 40 crore in a cryptocurrency fraud case in Nagpur. After this, the total number of people arrested has gone up to 11.

police gave this information. A day earlier, the main accused in this case, his wife and two associates were arrested from Lonavala in Pune. The main accused Nishid Wasnik was luring people to invest in a company by showing his luxurious lifestyle.

He fraudulently transferred money to his accounts between 2017 and 2021, manipulating the company’s website to show a steady increase in the value of investments. He also organized a seminar on cryptocurrency investment in Pachmarhi, Madhya Pradesh. Wasnik had gone into hiding in March last year, leaving investors in the lurch. He was arrested from Pune district on Saturday.

The Yashodhara Nagar police have booked all the 11 accused, including seven arrested on Sunday, under the IPC, the Maharashtra Protection of Interests of Depositors Act and the IT Act, a police official said.