Director of firm involved in Bitcoin scam booked

The cyber cell of Chandigarh police has booked six people, including the director of an online multi-level marketing company Amit Bhardwaj, who was arrested from Delhi by the Pune police last month in connection with an alleged multi-crore bitcoin ponzi scheme.

Bhardwaj has been charged with duping three residents of Chandigarh after promising them handsome returns on investing in Bitcoin.

"A case has been registered against him. In all six people have been booked," Cyber Cell In-charge Inspector Jaswinder Singh said on Wednesday.

Amit Bhardwaj, the director of Gainbitcoin, and his brother Vivek Kumar Bhardwaj were arrested from Delhi by the Pune Police in April after they picked up seven people in connection with the alleged scam.

According to the police, Amit Bhardwaj had set up the online multi-level marketing company through which he allegedly lured investors by promising them handsome returns. He would allegedly promise 10 per cent returns for investing one bitcoin but did not keep his word.