Summary:
Kolhapur: Kolhapur police booked four persons for allegedly cheating five people of Rs 31 lakh through bitcoin. All these five persons had bitcoins of that particular amount and invested them in his company for a particular period. He contacted these five people and lured them with a high interest rate, asking them to invest in his company. All five demanded their returns from the accused, who flatly refused to pay back. After the completion of the tenure, when the complainant enquired about the investment and returns, he found that his bitcoin was sold by the accused without his consent..