Rs 500-crore crypto scam in Delhi: Many fall to promise of 200% returns

NEW DELHI: Delhi Police is investigating a group of individuals who allegedly duped people of around Rs 500 crore on the pretext of investing in their upcoming cryptocurrency.

The accused have allegedly fled the country. Claiming to offer a staggering 200% returns on the investment, the suspects took the investors for holidays to Goa and held meetings at five-star hotels.

At Goa, the accused allegedly organised a grand event for the investors where they explained to them the complex process of blockchain technology and other things to supposedly enable them to give exorbitant returns.