Bigger India

Crypto ‘Scamsters’ Bhardwaj Brothers Arrested For Duping Investors Out Of $300 Mln

In 2013, the two founded GainBitcoin, an investment scheme with a cloud-based platform for trading and mining Bitcoin.

Indian Bitcoin (BTC) entrepreneurs and notorious alleged scammers Amit Bhardwaj and his brother, Vivek Bharadwaj, were arrested on April 4, accused of scamming about 8,000 investors out of ₹2,000 crores (about $300 mln) Business Insider India reported today, April 6.

The brothers launched and ran a number of crypto-based ventures, including India’s first Bitcoin mining platform GBMiners. The move to arrest then was carried out by India’s central bank Reserve Bank of India (RBI), the Enforcement Directorate (ED), and the Cybercrime Cell of Pune Police, following the official complaint filed by a businessman Parvendra Singh.

Read it at Coin Telegraph

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