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Amit Bharadwaj and Vivek Bharadwaj, were in possession of 82,132 bitcoins and operated 84,617 user ids.(AFP)

Bharadwaj brothers remanded in judicial custody for GainBitcoin cryptocurrency fraud

Hindustan Times, Pune | By HT Correspondent
UPDATED ON MAY 04, 2018 04:51 PM IST
They are the main suspects in the case wherein 8,000 investors have been allegedly duped of crores of rupees between June 2017 and January 2018 over attractive returns on investment in cryptocurrency. 
The cyber crime cell has arrested 10 persons in connection with the multi-crore bitcoin scam where the investors were lured for buying one bitcoin and promised a commission of 0.1 percent bitcoin, which was aggregated into 1.8 bitcoin for a period of 18 months. Two(FILE PHOTO)
The cyber crime cell has arrested 10 persons in connection with the multi-crore bitcoin scam where the investors were lured for buying one bitcoin and promised a commission of 0.1 percent bitcoin, which was aggregated into 1.8 bitcoin for a period of 18 months. Two(FILE PHOTO)

GainBitcoin scam in Pune: Cryptocurrency, demand drafts seizure amount to 15 crore

Hindustan Times, Pune | By Nadeem Inamdar, Pune
UPDATED ON MAY 04, 2018 04:23 PM IST
Cyber investigations into the case has further revealed that Bharadwaj had floated five companies in India for transferring funds to foreign locations.
Bhardwaj’s arrest has come a day after the EOW arrested seven people in connection with the cryptocurrency scam.(HT REPRESENTATIVE PHOTO)
Bhardwaj’s arrest has come a day after the EOW arrested seven people in connection with the cryptocurrency scam.(HT REPRESENTATIVE PHOTO)

Cryptocurrency scam: Pune police net architect of crypto-con Amit Bharadwaj

Hindustan Times, Pune | By Nadeem Inamdar
UPDATED ON APR 05, 2018 11:27 PM IST
According to commissioner of police Rashmi Shukla, Bhardwaj had set up a multi-level marketing company and is accused of cheating investors to hand him bitcoins in the promise of higher returns.
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