Divyesh Darji, one of the most infamous names in the list of fraudsters that had been in the hot news last year is back once again. And the crypto market needs to be really cautious this time.
An astonishing news came along in the 3rd of June, as Times of India reported that one of the most infamous fraudsters of all times, i.e, Divyesh Darji have been accused once again by the police of India’s city Surat. Moreover the Police reportedly also revealed an alleged multi-million dollar cryptocurrency scam which also involves BitConnect prompter.
Inside the Criminal Mind of Darji
As the investigation went further, it was revealed that Darji was involved in the promotion of a cryptocurrency called Regal coin. He would, in fact, promise the investors insane as well as unrealistic profitable returns.
According to the CID(Crime Investigation Department ), he even promised unrealistic returns of as high as 5000% to the investors if they put their money in Regal Coin.
Revealing further into the matter the CID responded by saying:
“Darji had told his investors that they needed to stay invested just for 99 days. He also promised to pay them returns on their principal according to profits on robotic trading, besides 1% to 1.6% referral bonuses every 11 days.”
The fraudster was arrested last year in the month of August for his previous involvement in the BitConnect scam and faced many trails.
However, as of now, Darji is currently on the run soon after his release on bail.