Bollywood Ponzi Scam Has Celebs & Bitcoin Scrambling To Recover From A 770 Million Dollar Loss

in #bitcoin8 years ago

Today the Central Bureau of Investigation (CBI) – India’s primary law enforcement and intelligence agency – has begun an investigation into an alleged ponzi scheme that promised money for clicking on online advertisements.

The case is centered around a new private startup called Webwork Trade Links, that launched in September last year, with the paid-up (cash for stock) capital of a relatively measly ₹1 lakh, about $1,500. Four months later, the company’s revenue had grown to ₹260 crores, nearly $400 million, entirely from investors’ money. Feel free to comment down below....