Odisha police have successfully unraveled a colossal multimedia, pyramid scheme connected to cryptocurrency, valued at a staggering Rs. 1,000 crore. The mastermind responsible for orchestrating this cryptocurrency scam across India has been arrested, along with the Odisha branch head of the illicit network.
The scam targeted victims from various states, including Delhi, Jharkhand, Rajasthan, and more, enticing them to invest in the deceptive world of cryptocurrency. Tragically, over 10,000 people in Odisha alone fell prey to this fraudulent scheme, losing their hard-earned money. The cunning fraudsters lured unsuspecting individuals with promises of extravagant bonuses and claims that their investments would multiply exponentially. JN Pankaj, IG EOW, shed light on the deception, revealing the audacity with which the perpetrators encouraged more people to join the scam.
The impact of this nefarious operation has been immense, with an estimated Rs. 1,000 crores swindled from investors across India. The Odisha region alone had a staggering 10,000 victims, and the scam's reach extended to Bihar, Delhi, Jharkhand, Rajasthan, MP, and Haryana, counting approximately 2 lakh individuals ensnared in its web, as said by (IGEOW) JN Pankaj.M
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