Businessman in India conned in the name of Bitcoin

In an interesting con in Delhi, thr capitsl city of India a fraudster told the business to purchase 10 bitcoins, worth Rs. 91 lakh ($134,954) in return for a guaranteed profit within 20 days.

Fully trusting the legitimacy of the transaction, the business proceeded to borrow money from his friends and family and going ahead with the mammoth transactions.

And that’s when the tables turned.

The fraudster simply fled without any whereabouts, leaving the businessman in complete distress. The businessman also claims to have visited the supposed company’s offices in New Delhi, only to find that no existing office set-up.