Bitcoin MLM scam: More victims approach Hyderabad police

We recorded the statements of the victims who approached us and complaint of losing money in the bitcoin MLM racket run in the State, said official

Hyderabad: More victims of the bitcoin MLM scam approached the Hyderabad police on Monday. The persons from various districts interacted with officials from the detective department in Hyderabad and explained how they were cheated by Sirimilla Nagaraju.

“We recorded the statements of the victims who approached us and complaint of losing money in the bitcoin MLM racket run in the State,” said an official. The police are now filing a petition for custody for Sirimilla Nagaraju who is the prime suspect in the case and was arrested last week. The police found that he had duped around 250 persons in Telangana to the tune of over Rs. 10 crore.

However it came to light during inquiry that Nagaraju had himself filed a complaint against the organisers of the bitcoin MLM business in New Delhi alleging that he was cheated by the company.

The accused persons had created four websites ‘rosnefthedgefund.com’, ‘rhfcoin.com,’ ‘rhfgold.com’, and ‘eurescoin.com’ for collecting money from online bitcoin business.

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