The Directorate of Enforcement has attached 60 million USD worth of estate of the person behind the GainBitcoin.com website, including 6 offices, residential apartments, and bank accounts of the two associates of the accused scammer, all subject to the enforced AML act.
This is the first attachment in the court case, where the charges are being pressed against Bhardwaj, who tricked 8,000 people into financing his BTC Ponzi scheme. The accused fraudster would organize marketing events at luxurious hotels all over India, where his accomplices lured the attendants into their BTC cryptomining financing schemes.
Generally, the conspirators resorted to various tricks to attract people with little to no knowledge of digital currencies, stimulating the financiers’ interest by the investment potential of the digital assets, with most of them mistaking the GainBitcoin fraud for the Bitcoin company itself. This is how Bhardwaj cheated over 8,000 financiers and gained more than 5 billion US dollars as a result.