Two individuals were caught by the Nigdi police. The individuals have cheated a 65-year-old builder claiming INR 1 crore and consequently investing them in 93.5 bitcoins. They did not return the money or the profits derived from the investment. They were charged under the provisions of Prize Chits and Money Circulation Schemes (Banning) Act, IT Act, and the MPID Act.
Nigdi Police charges Two individuals over Bitcoin ScamIncryptsMar 17, 20180
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