Bitcoin fraud Director of firm involved in Rs 2000 crore scam arrested. The police have said that Amit Bhardwaj had set up an elaborate Multi-Level marketing scam by luring investors to hand him bitcoins in the promise of higher returns. Under his scheme, investors were asked to invest one bitcoin for a ten per cent return. Amit Bhardwaj, the bitcoin entrepreneur who started his own bitcoin mining operations and duped more than 8,000 people to the tune of Rs 2,000 crores from across the country has been arrested from the Delhi Airport by the Pune Police. The move comes after the Pune police had arrested seven persons associated with Bhardwaj and located him at Bangkok. The Delhi Police say that Bhardwaj introduced the first online retail marketplace accepting bitcoin in the country in 2
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