Indian Bitconnect Promoter on the Run After Third Crypto Scam
A scammer who solicits investments with the lure of rich returns is on the run in India.
according to the CID:
Darji had told his investors that they needed to stay invested just for 99 days. He also promised to pay them returns on their principal according to profits on robotic trading, besides 1% to 1.6% referral bonuses every 11 days.
Prolific fraudster: two more crypto scams since bitconnect
It is understood that Darji was working in concert with some family members as well as aides. The daughter, Purohit, has been arrested. Some of the victims who have filed police reports lost between Rs 10.50 lakh ($15,000) and Rs 17.50 lakh ($25,000). Besides BitConnect and now Regal Coin, Darji has also been implicated in another cryptocurrency scam involving the Dekado coin. This emerged after a victim who lost Rs 48 lakh (approximately $70,000) filed a report with the police in January. Darji implicated in yet another scam | Source: TwitterThe Dekado coin scam promised investors returns of between 42 – 72 percent within a period of six months. And just like with other cryptocurrency scams Darji has been involved in, recruiters were also awarded referral bonuses.
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