Head of BitConnect India Arrested, Police Working to Unravel Scheme

[kreslik.news]

Police in the west Indian city of Surat have arrested a local resident on suspicion of stealing tens of millions of rupees from Indian investors after tricking them into investing Bitcoin in a suspected Ponzi scheme called BitConnect.

Divyesh Darji worked at the company’s headquarters in the city as a promoter. He was intercepted by immigration officials at Delhi Indira Gandhi International Airport after returning from Dubai.

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The arrest is part of a much wider crackdown involving tens of people and billions of dollars of stolen money.

BitConnect in India

The Gujarat Criminal Investigation Department says that ... (read more)