Monday, March 25, 2019

‘Cashcoin’: This $14.5 Million Cryptocurrency Scam Involves a Bollywood Actor

The Mumbai Crime Branch in India is set to question Bollywood actor Shahbaz Khan over his involvement in a cryptocurrency scam. The case hit the roof after the Mumbai police arrested four scammers for running Cashcoin, a high-yield investment program that duped investors of ₹1 billion (~$14.52 million). The accused reportedly ran seminars and marketing events across major Indian cities to sell their cloud mining schemes. They would promise investors double returns while projecting bitcoin’s success as a yardstick for their project’s potential progress. Cashcoin approached Shahbaz Khan, a yesteryear actor with over 200 credits in Hindi television and movie industry, to

The post ‘Cashcoin’: This $14.5 Million Cryptocurrency Scam Involves a Bollywood Actor appeared first on CCN



source https://www.ccn.com/cryptocurrency-scam-cashcoin-india-bollywood

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