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GainBitcoin Scam: Mastermind’s wife falls in ED’s trap as multi-agency pursuit intensifies

Inc42Inc42 · 1y
GainBitcoin Scam: Mastermind’s wife falls in ED’s trap as multi-agency pursuit intensifies

The Enforcement Directorate (ED) has arrested Simpy Bhardwaj, the spouse of Ajay Bhardwaj, a key figure in the GainBitcoin cryptocurrency scam. Simpy Bhardwaj was apprehended for her alleged involvement in enticing investors with false promises of high returns and defrauding the public. This development comes after the Supreme Court ordered the consolidation of all FIRs related to the scam for investigation by the Central Bureau of Investigation (CBI). The ED's ongoing investigation has led to the seizure of assets worth INR 69 crores (approximately $9.3 million) so far. GainBitcoin is known as one of the largest global Ponzi schemes, causing significant financial losses to around 100,000 investors.

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