Cheated people in crores
Vadodara crime branch arrested the main conspirator Praveen Patel in the Pay Way Coin digital currency cheating racket running by him. He along with his associates cheated people in crores by lured them to get double the amount after investing.
DCP Crime Jaydeepsinh Jadeja said they received a complaint about the matter and began investigating to trace the main conspirator. The main accused Praveen Patel along with his six other associates lured people to invest in the Pay Way Coin by assuring them to get double the amount in some time.
As part of their plan they collected money from the people by saying that the price will increase soon and they get 100rs per coin after purchasing it for just 7rupees. However after collecting the money they are untraceable and invest the crores of amount in another company. The investors then ask for their money from Praveen Patel but he denied and a police complaint was registered against him and his associates.
Based on the complaint the crime branch team arrested the main accused Praveen Patel from Vadodara on Monday. All the other accused are already in police custody and now police arrested the main conspirator and further investigating in the matter.