RATE Group | Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India
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Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India

06 Jun Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India

Posted at 05:39h in Bitcoin News by

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Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India

Altcoins

Police in the Indian city of Thane have raided the offices of an alleged multi-million cryptocurrency scam on Monday. According to its promoters, Money Trade Coin (MTC) “provides a safer, more secure and superior alternative of storing wealth in the form of digital currency, to investors as well as commoners.” Investigators, however, accuse it of being a front for an international fraud, misleading investors with promises of high returns, real estate and foreign passports.

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New Age Cryptocurrency

Police Forces Bust Alleged “New Age Cryptocurrency” Scam in IndiaOn its website MTC is described as intellectual property jointly owned by Dubai based firm Bitcoin Global FZE, UAE and Money Trade Coin Ltd, UK. And Mr. Amit M….

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