How did Amit Bhardwaj manage Rs 2000 cr Bitcoin scam? - letsdiskuss
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Vansh Chopra

System Engineer IBM | Posted on | News-Current-Topics

How did Amit Bhardwaj manage Rs 2000 cr Bitcoin scam?


News reporter (CEN News ) | Posted on

Amit Bhardwajcrooked peopled across the country by projecting himself as a bitcoin entrepreneur. He duped more than 8,000 people and managed to flee the country with Rs 2000 crore.

Amit Bhardwaj set up a multi-level marketing scam by luring investors to offer him bitcoins in lieu of higher returns. He introduced a contract that would be valid for 18 months and promised to offering a return of 10%. He also promised the investor to ease the bitcoin mining hardware so that they can mine their own bitcoins.

He had a couple of bitcoin mining operations such as Gain Bitcoin and GB Miners. He introduced India’s first online marketplace accepting bitcoin in 2014 and when everybody was going gaga over Bitcoin, he capitalized this opportunity.

However, the Pune police got in action and ransacked him and other seven persons associated with him at Bangkok and recently at Delhi Airport he got arrested by them.