(*3*) rip-off: 3 held

CCB officers on Sunday unearthed a cryptocurrency rip-off by way of chain hyperlink and arrested the three individuals operating the racket.

The accused, Raghavendra, Nagaraju and Shivamurthy, floated FOMOEX, an organization providing funding in cryptocurrency with enormous returns on each funding made. The accused additionally held conferences in inns to clarify the enterprise fashions and claimed to have branches within the U.S., Singapore, and China. They supplied enormous returns to those that might get extra traders on chain hyperlink enterprise modules. Hundreds of individuals had invested within the scheme. The accused had earlier floated a agency, ESPN Global Company, and duped many, a police officer stated.

They have been taken into custody for additional investigation.

Special Correspondent , 2021-11-08 01:58:43

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