Summary:
Investors were also given bitcoins or cash as a part of their return, and were encouraged to recruit other investors. ‘Gain bitcoin’ was the brainchild of Amit Bhardwaj, who offered 10% returns to investors before fleeing to Dubai. Initially, investors were offered returns on their investments, which gave confidence to other investors who joined up. The accused claimed they would mine and trade in bitcoins, and the international trade would help make a profit for the portal. Police said the two accused have been duping investors since 2016 by offering a 12% return on their investments, which never materialised, prompting a complaint in the matter..