India bank manager arrested in cryptocurrency Ponzi scheme crackdown134

The allure of fast profits from cryptocurrency appears to have been too great for one bank manager in India. The manager of a Standard Chartered branch, a private bank in India, has been arrested for running a cryptocurrency scam in which he promised unrealistic returns on a digital coin, Business Standard reports. The main perpetrator has been named as Sandeep Singh Dua. He confessed to the crime...

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