Simpy Bhardwaj arrested on Gain Bitcoin Ponzi charges
Simpy Bhardwaj, aka Simpy Gaur, has been arrested on charges related to the Gain BitCoin Ponzi scheme.
Bhardwaj was arrested during a raid in New Delhi on Sunday, December 17th.
After (Bhardwaj) was produced before a special Prevention of Money Laundering Act (hearing) in Mumbai the next day, the court sent her to ED custody till December 26th.
In addition to arresting Bhardwaj, the ED seized three luxury cars, “some incriminating documents and jewellery worth Rs. 18.91 lakh”.
Bhardwaj is the wife of Ajay Bhardwaj, brother of Gain Bitcoin founder Amit Bhardwaj (right).
Amit Bhardwaj died of cardiac arrest in January 2022.
The ED’s investigation into Gain Bitcoin began in 2018. So far around $6 million has been seized.
Ajay Bhardwaj and Mahender Bhardwaj are both wanted by the ED but remain at large.