cryptocurrency Scam

cryptocurrency Scam in Gujrat.

Gujarat police arrest four people for ‘running cryptocurrency investment scams’.

Ahmedabad’s Cyber Crime Cell arrested four people on Monday for allegedly duping several people by promising them higher returns on investment in ‘Tron’ cryptocurrency. Tron, like Bitcoin, is a cryptocurrency that is legal in India.

On Monday, a team of the Ahmedabad Cyber Crime Cell arrested four people from Ahmedabad – Raju Lukhi (42), Altaf Vadhvania (37), Vijay Patel (53), all residents of Surat, and Zulfikar Halani (43) from Ahmedabad.

A senior official said they used a fake company named Bulltron to contact victims on a multi-level marketing level, asking them to invest money through a mobile application of their company for double returns within seven days.

Several people in Ahmedabad who invested large sums of money to the tune of several lakhs were duped by this group. Using technical surveillance, we arrested the accused after an FIR was lodged,” he said.