RATE Group | Businessman and a legendary pornstar implicated in a $300M Bitcoin scam
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Businessman and a legendary pornstar implicated in a $300M Bitcoin scam

07 Jun Businessman and a legendary pornstar implicated in a $300M Bitcoin scam

Posted at 04:15h in Bitcoin News by

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There has been a long upstanding debate in India about celebrities being held liable for the brands they endorse, and some of them are now learning their lesson the hard way.

Enforcement Directorate (ED), the intelligence agency responsible for fighting economic crimes in India, is questioning several celebrities with regards to their involvement in a $300 million cryptocurrency scam, led by now-imprisoned entrepreneur Amit Bharadwaj.

Bhardwaj founded a series of Bitcoin mining firms such as Gain Bitcoin, GB Miners, and MCAP, promising a 10 times return for investors. Needless to say, none of these exuberant high-return promises panned out; instead, investors ended up losing money.

Bhardwaj was arrested in April by Indian police and has been under custody since then. After interrogating him, police is now reportedly questioning people associated with him and his companies.

The first to fall under ED’s radar is the British businessman Raj Kundra…

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