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Bengaluru: Man arrested for cheating 2000 investors in ponzi scheme linked to cryptocurrency

Bengaluru: Man arrested for cheating 2,000 investors in ponzi scheme linked to cryptocurrency

The Central Crime Branch (CCB) of the Karnataka police Tuesday confirmed the arrest of a 39-year-old man for allegedly cheating over 2,000 investors in a multi-crore cryptocurrency Ponzi scheme. According to officers from the Economic Offence Wing, the trading and chain-link scheme was operated after the accused, identified as Ranganath D S, launched an online company last year promising high returns to investors.