๐จ EXPLOSIVE NEWS FROM INDIA! Court Brutally Denies Bail to Crypto Pyramid Kingpin! ๐ฅ
Indiaโs Himachal Pradesh High Court has rejected the bail plea of Abhishek Sharma โ a key promoter in one of the countryโs largest crypto MLM scams.
๐ฑ Scale of the Fraud:
Over 80,000 investors duped across India
Total investment pool: ~2 billion INR
Confirmed losses: over 500 million INR
The scheme operated classically:
Platforms Korvio, Voscrow, DGT, Hypenext, and A-Global promised to double your money. Small payouts were made at the beginning to lure more victims. Then on December 25, 2021, all withdrawals suddenly stopped. Promoters started shifting people to new platformsโฆ until everything collapsed.
Indiaโs Enforcement Directorate (ED) raided 8 locations, froze 12 million INR in cash and bank accounts. Funds were laundered through real estate developers, shell companies, and family accounts. Some top operators fled to Dubai ๐ผโ๏ธ
Hard reminder to the entire crypto market:
Promises of โguaranteed 2xโ10xโ almost always end the same way โ tears for investors and handcuffs for the scammers.
Stay smart. Donโt chase hype. DYOR or prepare to lose everything! โ ๏ธ
#CryptoScam #CryptoNews #MLM #ScamAlert #Web3 $STORJ
$ZEC $WIF