Mastermind behind Bitcoin fraud in Udaipur taken into custody

Bhupalpura Police took custody of the prime accused in the Udaipur Bitcoin fraud from Jodhpur. The man was running a Ponzi scheme under the garb of Bitcoin.

 

Bhupalpura Police took custody of the prime accused in the Udaipur Bitcoin fraud from Jodhpur. The man was running a Ponzi scheme under the garb of Bitcoin.

Case was filed at Bhupalpura Police station against accused Manoj Patel for allegedly running away after taking money in the name of investing in Bitcoin and promising huge returns. The victim filed case of duping her of Rs 12.5 Lakhs. It has been alleged that Manoj duped around 8000 people with over Rs 15 Crore via his scheme.

The accused was arrested earlier from Pali in Jodhpur. He was housed at Jodhpur Jail from whhere he was taken into custody by Bhupalpura Police. Team led by CI Harendra Singh Sauda and ASI Shamsuddin arrested brought him from Jodhpur.


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Via his scheme, Manoj would promise people do double their money via Bitcoin investment. In initial phase people were even returned double the amount. Inspired by this, people started putting in a larger chunk of money for investment. While he did not return promised amount to some, for some other unlucky people, his company shut shop right after they made their investment.

There are a large number of people across Rajasthan who have been duped by this fraud.

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