One of the key promoters of India's cryptocurrency and multi-level marketing (MLM) scam case, Abhishek Sharma, has had his bail application rejected.


The case reportedly involves over 80k investors, with estimated losses of approximately $52.4 million, and a total investment pool of about $210 million.
The involved parties promised doubled returns through fake crypto platforms such as Korvio, Voscrow, DGT, Hypenext, A-Global, etc., and stopped payments in December 2021 after early small refunds.
India's Enforcement Directorate (ED) previously froze assets worth about $126k and stated that the funds were laundered through real estate, shell companies, and household bank accounts.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin