$52,000 OneCoin scammer taken hostage by victims
When you’re sitting on the internet all day posting inspirational memes and marketing your lastest MLM underbelly scheme, it’s easy to forget you’re pitching to real people.
As two OneCoin scammers in India recently found out, some victims are all too willing to take matters into their own hands.
Manoj Aggarwal and Kushal Chopra are OneCoin affiliates based out of New Delhi in India.
As is commonly done by OneCoin affiliates, their pitch for OneCoin saw them promise victims a 200% ROI through the scheme.
Last September Aggarwal and Chopra recruited three New Delhi residents into their OneCoin downline.
What the scammers didn’t tell their victims (also commonly done by OneCoin affiliates), is that next to nobody has been able to covert their OneCoin points into money for well over half a year.
On January 11th Kushal Chopra went missing. On January 12th Chopra’s sister received a ransom call for Rs. 3,600,000 INR ($52,859 USD) and reported the matter to police.
“The call details were taken out, and locations of the victim and the kidnappers were tracked,” said Omvir Singh, deputy commissioner of police (east).
Based on the phone locations, police conducted raids in different areas.
The accused kept changing their locations and switched off their phones after some time.
However, they were finally traccked to east Delhi’s Laxmi Nagar on January 13. One of the accused, Aman, was apprehended and Kushal was rescued.
On being questioned, Kushal told the cops that Pankaj and Akash had called him to meet them in Connaught Place and later took him to a hotel in Gurgaon.
More raids were conducted on the basis of the information gathered from Aman, and later Pankaj and Akash were also nabbed.
The men told the police that Kushal insisted that they should invest in a Bulgaria-based company, One Coin, which, they claimed, was registered under the Reserve Bank of India.
Kushal then introduced them to his accomplice, Manoj, saying that he was the director of One Coin.
They promised to double the deposited amount in three months. However, the three victims did not get any profit or the principal amount.
When police interrogated Aggarwal, he told them last August he’d traveledA to Hong Kong to meet up with OneCoin executives. He alleged they’d made him Director of OneCoin in India to manage local business.
Who Aggarwal spoke to in Hong Kong is unclear.
There is however this interesting tidbit from Indian police:
A senior police officer said when they conducted a probe, they found that the company was causing huge losses to the Bulgarian government by using cryptocurrency that operates independently of a central bank.
How they worked that out I’m not sure. Personally I’d be more worried about losses to hundreds of thousands of victims than that of the Bulgarian government.
Chopra and Aggarwal have since been charged with cheating. Their victims have also been charged with kidnapping.
The bad news for Chopra and Aggarwal’s victims is OneCoin recently suspended point withdrawals altogether. Until further notice nobody is able to get their money out of OneCoin.