Two “cybersecurity consultants” serving to police examine GainBitcoin have been arrested.
Pune Police allege the 2 investigators “duped Police and transferred crypto value INR 20 Cr into their very own accounts” ($2.6 million USD).
Pankaj Prakash Ghode and Ravindranath Prabhakar Patil had been tasked with aiding police monitor down bitcoin laundered by GainBitcoin.
GainBitcoin was a ten% a month MLM crypto Ponzi. Its founder, Amit Bhardwaj (proper), purportedly died of cardiac arrest again in January.
With a purpose to additional perceive the fraud, the Police had handed over the information and pockets hyperlink to Patil and Ghode.
As an alternative of handing over the cryptocurrencies to the Police, the duo transferred a part of these cryptocurrencies into their very own wallets.
The duo is accused of manufacturing faux and cast paperwork to the GainBitcoin investigating group and allegedly purchased costly vehicles out of the alleged fraud.
Ghode and Patil’s work did result in investigators recovering “241.475 bitcoins, 452 bitcoin money and 94 ether from Amit and Vivek Kumar Bhardwaj.”
Possibly they felt they weren’t being paid sufficient?
In associated information one other of Amit Bhardwaj’s family members, his brother Ajay Bhardwaj, was interrogated by the Enforcement Directorate on Monday.
Ajay was arrested in 2018 however, like his brother, was launched on well being grounds.
As of December 2018 Indian authorities had recovered 451.999 bitcoin related to GainBitcoin.
So far no one has prosecuted. Not one of the seized property have been returned to victims of the rip-off.