A ₹40 crore crypto scam has recently come to light in Nagpur, with around 11 arrests already made in the case.
The main accused and mastermind Nishid Wasnik, too, was arrested in Pune on Saturday. But Wasnik, a class 12 pass out who ran this crypto racket, had support from his niece, who is an MBA graduate and helped Wasnik carry out this huge crypto scam.
TOI
Even Wasnik’s father Mahadeo was amongst those placed under arrest in the latest development.
On February 19th, a crime branch team had nabbed Wasnik from Lonavala. While all 11 accused were apprehended at Lonavala, the roles of the latter 7 were reportedly ascertained only on Sunday.
And that’s not all.
The Crypto Scam
An official said that Nishid Wasnik used to flaunt his luxurious lifestyle to get people into investing in a firm that he claimed was dealing in ‘ether’ cryptocurrency, as per a report in PTI.
The ₹40 crore investments from over 2000 investors were siphoned off through a company Ether Trade Asia
“He manipulated the website of the firm to show a steady rise in the value of investments, while transferring money into his accounts fraudulently between 2017 and 2021. He had even organized a seminar on cryptocurrency investment in Panchmarhi in Madhya Pradesh,” the official said.
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MBA Niece Is Still On The Run
It’s learnt that several others in the crypto racket are on the run, including the MBA…
