Case against alleged cryptocurrency scamster – Times of India

Kolhapur: The Kolhapur police have lodged another case against the Bitcoin cryptocurrency scam accused on Sunday.
This time, police case has been registered at Rajarampuri police station against accused Kedar Ranade for duping an investor of Rs 20 lakh. In the earlier case, Ranade and his alleged accomplices from Pune and New Delhi have been booked for allegedly duping a person of Rs 58 lakh.
According to the police, Ranade who ran a consultancy firm in Tarabai Park put up advertisements claiming that he will help increase money and assured returns over 180%. Falling prey to the claims, a resident from Tarabai Park put in the sum he had during July to October in 2017. However, Ranade did not pay back as per the complainant.
The police said the two accomplices are on run and the police suspects a wide network of scam run by the accused. Ranade after ten days of police custody in December is currently under judicial custody.


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