Fraud: Man, Son Held In Bitcoin Fraud | Bengaluru News

Bengaluru: Three people, including a father-and-son duo, were arrested for luring people to invest in Bitcoins in return for huge profits.
The arrested are MS Srikanta, his father Satheesha MA, and their associate Deepak. Satheesha is director of Sri Pancha Aishwarya Multipurpose Souhardha Co-operative Limited. The trio cheated at least 1,300 people and pocketed around Rs 6 crore.
The accused had opened an office — GG Online (GGO) Private Limited — on Sampige Road in Malleswaram and had lured people with high returns against investment in cryptocurrency.
One of the victims, Veerabhadraswamy, 47, a businessman, filed a complaint at the cybercrime police station in the police commissioner’s office recently. He had invested Rs 10,000 in GGO company and the accused initially gave him 15% profit over the investment made. tnn
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