Bigger India

Indian Police Arrest Second in $72 Million Crypto Fraud Scheme, Leader Still Sought

Amit Lakhanpal, 32, a real-estate executive and founder of the MTC scheme is believed to have fled to London to escape prosecution.

Police in India say they have arrested the second-in-command of an elaborate crypto fraud that bilked investors out of 5 billion rupees (~$71.6 million USD), The Indian Express reports.

The man, Rohit Kumar, has now been charged with cheating, criminal conspiracy and violation of the “Prize Chits and Money Circulation Schemes (Banning) Act.

Read it at Crowd Fund Insider

Leave a Reply

Your email address will not be published. Required fields are marked *