Crypto currency scheme: Man held for cheating many Puneites

by Team Deccan Express
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Pune : deccan expressPune Cyber Crime | A man was arrested in Delhi by the Pune cyber police for cheating many investors in the city by promising them high returns. The accused has cheated many people of Rs 84 lakh 34 thousand. Many people had complained to the Pune cyber police. The accused has been identified as Ganesh Shivkumar Sagar (47), a resident of Dwarka, New Delhi.


Officials of Bitsolives Pvt Ltd Dubai and Bull Infotech company England had organised seminars in India and outside India. In these seminars, the officials forced investors to invest in Bucks Coin, a cryptocurrency marketing scheme. They created a crypto exchange called Cash Phoenix and developed an independent blockchain and hiked the rates of Bucks Coin and promised good returns.


The platform, plans and website which were started to fool the people, were closed after a couple of days. The accused not only cheated investors in Pune but also people in various other countries.


When the Pune cyber police were probing the complaints, they came to know that Dubai based Bitsolives Pvt Ltd’s official and the mastermind is in Delhi. The police went to Delhi and collected information about him and found out his location from technical analysis. The police came to know that the accused was changing his residence frequently and was hiding in Uttam Nagar area. The police took him in their custody and they produced him in the court. The court has sent him to police custody till March 5.


This action was taken by a team of police officials including Police Inspector Ankush Chintaman, PI Sangita Mali, API Shirish Bhalerao, havaldar Aslam Attar, police naik Mangesh Nevse, Shirish Gawde, Prasad Potdar, Yogesh Vavhal, Nitesh Shelar, Pravinsinh Rajput, Ankita Ragho, Sarika Divte, Dinesh Markad, Kiram Jamdade under the guidance of CP Amitabh Gupta, Jt CP Dr Ravindra Shisve, Addl CP Ramnath Pokale, DCP Bhagyashree Navtake, ACP Vijaykumar Palsule and Senior Police Inspector DS Hake.


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