• Home
  • Crypto Calculator
    • Mining Calculator
      • Bitcoin Mining Calculator
      • BitcoinGold Mining Calculator
      • Ethereum Mining Calculator
      • EthereumClassic Mining Calculator
      • Dash Mining Calculator
      • Dogecoin Mining Calculator
      • Litecoin Mining Calculator
      • Monero Mining Calculator
      • Siacoin Mining Calculator
      • Zcash Mining Calculator
    • Cryptocurrency Convertor
  • Market Tools
    • Crypto Market Cap
    • Crypto Market Exchange Rates
  • Advertise
    • Submit Press Release
    • Advertise
    • Bitcoin-Event
    • Sponsored-Story
  • Regulation
  • Market Analysis
  • Contact Us
Saturday, March 6, 2021
  • Login
EtherDesk
  • bitcoinBitcoin$48,876.004.54%
  • ethereumEthereum$1,542.434.19%
  • rippleXRP$0.457569-0.48%
  • moneroMonero$207.12-0.71%
  • dashDash$209.074.50%
  • Home
  • Crypto Calculator
    • Mining Calculator
      • Bitcoin Mining Calculator
      • BitcoinGold Mining Calculator
      • Ethereum Mining Calculator
      • EthereumClassic Mining Calculator
      • Dash Mining Calculator
      • Dogecoin Mining Calculator
      • Litecoin Mining Calculator
      • Monero Mining Calculator
      • Siacoin Mining Calculator
      • Zcash Mining Calculator
    • Cryptocurrency Convertor
  • Market Tools
    • Crypto Market Cap
    • Crypto Market Exchange Rates
  • Advertise
    • Submit Press Release
    • Advertise
    • Bitcoin-Event
    • Sponsored-Story
  • Regulation
    Bybit Suspends Its Crypto Trading Services For Its U.K Users.

    Bybit Suspends Its Crypto Trading Services For Its U.K Users.

    Tether To Report Its USD Reserves Periodically, Fined $18.5 Mln For Damages.

    Tether To Report Its USD Reserves Periodically, Fined $18.5 Mln For Damages.

    South Korea Implements Direct 20% Tax On Cryptocurrencies From 1st Jan 2020.

    South Korea Implements Direct 20% Tax On Cryptocurrencies From 1st Jan 2020.

    Austria FMA Warns About Increased Crypto Related Crimes.

    Austria FMA Warns About Increased Crypto Related Crimes.

    SEC Charges Coinseed Inc. For Defrauding Investors.

    SEC Charges Coinseed Inc. For Defrauding Investors.

    Russia Passes Crypto Taxation Law - Considered As A Property Now.

    Russia Passes Crypto Taxation Law – Considered As A Property Now.

  • Market Analysis
    Bitcoin Market Price Fall Explained - Exclusive Report.

    Today’s Bitcoin Market Price Fall Explained – Exclusive Report.

    Can Bitcoin Total Supply Be An Issue With Mass Adoption.

    Can Bitcoin Total Supply Be An Issue With Mass Adoption?

    Earlier Cryptocurrency Market Crash Explained - Excessive Leverage.

    Earlier Cryptocurrency Market Crash Explained – Excessive Leverage.

    Crypto Market Suffers Huge Loss - Bitcoin Losses $860 Bln Market Cap, Reason?

    Crypto Market Suffers Huge Loss – Bitcoin Losses $860 Bln Market Cap, Reason?

    Cryptocurrency Market Cap Over $1 Trillion - BTC Trading Over $50k.

    Cryptocurrency Market Cap Over $1 Trillion – BTC Trading Over $50k.

    Its Time For Polkadot Blockchain - Minimum Fees & High Flexibility.

    It’s Time For Polkadot Blockchain – Minimum Fees & High Flexibility.

  • Contact Us
No Result
View All Result
  • Home
  • Crypto Calculator
    • Mining Calculator
      • Bitcoin Mining Calculator
      • BitcoinGold Mining Calculator
      • Ethereum Mining Calculator
      • EthereumClassic Mining Calculator
      • Dash Mining Calculator
      • Dogecoin Mining Calculator
      • Litecoin Mining Calculator
      • Monero Mining Calculator
      • Siacoin Mining Calculator
      • Zcash Mining Calculator
    • Cryptocurrency Convertor
  • Market Tools
    • Crypto Market Cap
    • Crypto Market Exchange Rates
  • Advertise
    • Submit Press Release
    • Advertise
    • Bitcoin-Event
    • Sponsored-Story
  • Regulation
    Bybit Suspends Its Crypto Trading Services For Its U.K Users.

    Bybit Suspends Its Crypto Trading Services For Its U.K Users.

    Tether To Report Its USD Reserves Periodically, Fined $18.5 Mln For Damages.

    Tether To Report Its USD Reserves Periodically, Fined $18.5 Mln For Damages.

    South Korea Implements Direct 20% Tax On Cryptocurrencies From 1st Jan 2020.

    South Korea Implements Direct 20% Tax On Cryptocurrencies From 1st Jan 2020.

    Austria FMA Warns About Increased Crypto Related Crimes.

    Austria FMA Warns About Increased Crypto Related Crimes.

    SEC Charges Coinseed Inc. For Defrauding Investors.

    SEC Charges Coinseed Inc. For Defrauding Investors.

    Russia Passes Crypto Taxation Law - Considered As A Property Now.

    Russia Passes Crypto Taxation Law – Considered As A Property Now.

  • Market Analysis
    Bitcoin Market Price Fall Explained - Exclusive Report.

    Today’s Bitcoin Market Price Fall Explained – Exclusive Report.

    Can Bitcoin Total Supply Be An Issue With Mass Adoption.

    Can Bitcoin Total Supply Be An Issue With Mass Adoption?

    Earlier Cryptocurrency Market Crash Explained - Excessive Leverage.

    Earlier Cryptocurrency Market Crash Explained – Excessive Leverage.

    Crypto Market Suffers Huge Loss - Bitcoin Losses $860 Bln Market Cap, Reason?

    Crypto Market Suffers Huge Loss – Bitcoin Losses $860 Bln Market Cap, Reason?

    Cryptocurrency Market Cap Over $1 Trillion - BTC Trading Over $50k.

    Cryptocurrency Market Cap Over $1 Trillion – BTC Trading Over $50k.

    Its Time For Polkadot Blockchain - Minimum Fees & High Flexibility.

    It’s Time For Polkadot Blockchain – Minimum Fees & High Flexibility.

  • Contact Us
No Result
View All Result
EtherDesk
No Result
View All Result
Home Law and Legislation

This Time It’s The Police Official’s That Have Been Arrested In The Giant MLM Ponzi Scheme From INDIA.

More two people were arrested by the cyber crime department in India for the case filed against the $300 Mln ponzi MLM scheme by the GainBitcoin company.

Robin Williams by Robin Williams
August 20, 2018
in Bitcoin News
0
This Time It's The Police Official's That Have Been Arrested In The Giant MLM Ponzi Scheme From INDIA.
246
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

According to a news reporting by Times of India, Two additional police men have been arrested in the case concerned with the Gain Bitcoin Ponzi scheme.

This news of arrest arrised from a series of arrests made in country where the police raided a mining facility, whose operators conned many victims into connection with the GainBitcoin.com.

Related articles

Cineplex Group Now Accepts Cinema Ticket Paid In Bitcoins.

Cineplex Group Now Accepts Cinema Ticket Paid In Bitcoins.

March 5, 2021
Tesla Should Sell Its BTC & Repurchase Company Shares - Goldman Sachs.

Tesla Should Sell Its BTC & Repurchase Company Shares – Goldman Sachs.

March 5, 2021

The news from the source quotes also unidentified two police officer as suspects in Delhi that were concerned in promoting the scam to thousands of investors across the country. The officers in-charged of this case said:

“These two men were said involved in the promoting of the theme that they had lured many folks. We have investigating the case and also are checking out the amount of individuals that are duped,”

Estimated a scam of over $300 Mln’s, these two official police men arrested are said to be in close connection with Amit Bhardwaj – the master mind planner behind this ponzi scheme.

GainBitcoin was launched back in year 2015 as a MLM scheme and it grew to over thousand of investors, all of whom were promised a secure monthly return of about 10% of their total investment made.

The scam came to light when the FIR’s were filed against GainBitcoin company in April this year, followed by another FIR’s filed in an exceedingly totally different town. Authorities forthwith regarded this as an MLM operation that was being ran across the country. The authorities swooped in when a victim complained against GainBitcoin.

During the preliminary investigation, officers from the cyber crime cell at the Indian town of Pune discovered the wallets controlled by Bhardwaj, that was same to contain a complete balance of bitcoins. The authorities conjointly contacted Zebpay (a crypto currency exchange in the country) bid to induce an inquiry when determinant that “a massive volume of transactions between the victims and Bhardwaj occurred via its platform.”

As per recent reports, Bhardwaj also offered to repay investors their initial bitcoin investments in their corresponding Indian rupees. The victims were, however, not enthused concerning the concept as they demanded to be paid in today’s value.

Tags: #Amit Bhardwaj#Cyber Crime#Gain Bitcoin#GB#MLM Scheme#Zebpay
Share98Tweet62

Related Posts

Cineplex Group Now Accepts Cinema Ticket Paid In Bitcoins.

Cineplex Group Now Accepts Cinema Ticket Paid In Bitcoins.

by Selina Mathew
March 5, 2021
0

Leading Cineplex Group, the renowned operator of movie theaters in Thailand, has reportedly permitted a number of its users to now purchase tickets with...

Tesla Should Sell Its BTC & Repurchase Company Shares - Goldman Sachs.

Tesla Should Sell Its BTC & Repurchase Company Shares – Goldman Sachs.

by Eddy Morgan
March 5, 2021
0

A former equities CIO of Goldman Sachs drew on Twitter after suggesting Tesla should sell its Bitcoin & repurchase company shares....

Bitcoin Mining Profitability Breaks All Time High Records.

Bitcoin Mining Profitability Breaks All Time High Records.

by Robin Williams
March 2, 2021
0

Bitcoin miners have broken at least a 3-year-old record earlier in February, generating $1.36 Bln in revenue, up 21% from...

Load More

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
This Time It's The Police Official's That Have Been Arrested In The Giant MLM Ponzi Scheme From INDIA.

This Time It’s The Police Official’s That Have Been Arrested In The Giant MLM Ponzi Scheme From INDIA.

August 20, 2018
U.S Department of Justice Reveals A Fraud Case Against 'Eastern Metal Securities’ [EMS].

U.S Department of Justice Reveals A Fraud Case Against ‘Eastern Metal Securities’ [EMS].

June 20, 2019
#Bitcoin#Energy Consuption#Ethereum#POW Working#Power Cost

Crypto Mining and Google’s Electricity Consumption Report For 2018.

August 1, 2018
Bitcoin $14k Support Level - Map Of Unspent Bitcoins - Price Prediction.

Bitcoin $14k Support Level – Map Of Unspent Bitcoins – Price Prediction.

August 16, 2020
US Real Estate Markets Hit By Bitcoin Fever.

US Real Estate Markets Hit By Bitcoin Fever.

0
Republic Protocol To Give Crypto Investors Dark Trading Pool.

Republic Protocol To Give Crypto Investors Dark Trading Pool.

0
Coinbase, Bitfinex Adopt New SegWit Protocol For Bitcoin.

Coinbase, Bitfinex Adopt New SegWit Protocol For Bitcoin.

0
Warren Buffett Again Cautions On BitCoins.

Warren Buffett Again Cautions On BitCoins.

0
MicroStrategy Invests Another $10 Mln In Bitcoins.

MicroStrategy Invests Another $10 Mln In Bitcoins.

March 5, 2021
Bloomberg Now Offers Information For 6 More Crypto Assets.

Bloomberg Now Offers Information For 6 More Crypto Assets.

March 5, 2021
Bybit Suspends Its Crypto Trading Services For Its U.K Users.

Bybit Suspends Its Crypto Trading Services For Its U.K Users.

March 5, 2021
Cineplex Group Now Accepts Cinema Ticket Paid In Bitcoins.

Cineplex Group Now Accepts Cinema Ticket Paid In Bitcoins.

March 5, 2021

News Categories

  • Top Stories
  • Bitcoin News
  • Blockchain
  • Ethereum
  • Ripple News
  • Legal
  • Regulation
  • Law and Legislation

Market Price Index

  • Bitcoin Price
  • Ethereum Price
  • Bitcoin Cash Price
  • Ripple Price
  • Litecoin Price
  • Doge Price
  • Live Exchange Market
  • Live Marketcap

Services

  • Blockchain
  • Jobs(Coming Soon)
  • Latest News
  • Market Analysis
  • Cryptocurrency Convertor
  • Ethereum Mining Calculator
  • EtherDesk Weekly Overview
  • e-Store (Coming Soon)

About Us

  • Events List
  • Advertise
  • Sponsored-Story
  • Bitcoin-Event
  • Submit Press Release
  • Contact Us
  • Donate For Research
  • About
  • FAQ
  • Crypto Market Cap
  • Crypto Market Exchange Rates
  • Cryptocurrency Convertor
  • Privacy Policy
  • Terms
  • Contact Us

© 2018 Etherdesk.com

No Result
View All Result
  • Home
  • Crypto Calculator
    • Mining Calculator
      • Bitcoin Mining Calculator
      • BitcoinGold Mining Calculator
      • Ethereum Mining Calculator
      • EthereumClassic Mining Calculator
      • Dash Mining Calculator
      • Dogecoin Mining Calculator
      • Litecoin Mining Calculator
      • Monero Mining Calculator
      • Siacoin Mining Calculator
      • Zcash Mining Calculator
    • Cryptocurrency Convertor
  • Market Tools
    • Crypto Market Cap
    • Crypto Market Exchange Rates
  • Advertise
    • Submit Press Release
    • Advertise
    • Bitcoin-Event
    • Sponsored-Story
  • Regulation
  • Market Analysis
  • Contact Us

© 2018 Etherdesk.com etherdesk.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$48,876.004.54%
  • ethereumEthereum(ETH)$1,542.434.19%
  • cardanoCardano(ADA)$1.1711.17%
  • tetherTether(USDT)$1.000.97%
  • binancecoinBinance Coin(BNB)$227.092.40%
  • polkadotPolkadot(DOT)$33.830.04%
  • rippleXRP(XRP)$0.457569-0.48%
  • litecoinLitecoin(LTC)$182.445.88%
  • TrueHKDTrueHKD(THKD)$0.1329402.98%
  • chainlinkChainlink(LINK)$28.016.31%