18 Arrested, Including 4 Cops, in $300 Million Cryptocurrency Scam in India That Victimized Over 100,000 People
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Indian authorities have reportedly arrested 18 people, including 4 cops, for involvement in a $300M crypto scam.
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The Himachal Pradesh scam victimized around 100,000 people since 2018.
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Victims include 5,000 govt officials & 1,000 police personnel.
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The scam gained legitimacy as it involved police personnel.
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Over 100 people earned $240K each, 200 made $120K each from the scam.
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Alleged kingpin Subhash Sharma remains at large; properties linked to him seized.
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Investigations by multiple agencies including ED are continuing.