Simpy Bhardwaj, aka Simpy Gaur, has been arrested on costs associated to the Achieve BitCoin Ponzi scheme.
Bhardwaj was arrested throughout a raid in New Delhi on Sunday, December seventeenth.
As reported by Deccan Herald;
After (Bhardwaj) was produced earlier than a particular Prevention of Cash Laundering Act (listening to) in Mumbai the subsequent day, the court docket despatched her to ED custody until December twenty sixth.
Along with arresting Bhardwaj, the ED seized three luxurious automobiles, “some incriminating paperwork and jewelry value Rs. 18.91 lakh”.
Bhardwaj is the spouse of Ajay Bhardwaj, brother of Achieve Bitcoin founder Amit Bhardwaj (proper).
Amit Bhardwaj died of cardiac arrest in January 2022.
Achieve Bitcoin launched in 2017 and collapsed later the identical 12 months. The Bhardwaj household promoted the MLM crypto Ponzi scheme, scamming over 80,000 traders out of tens of millions of {dollars}.
The ED’s investigation into Achieve Bitcoin started in 2018. To this point round $6 million has been seized.
Ajay Bhardwaj and Mahender Bhardwaj are each needed by the ED however stay at massive.