Post by Digital South Trust

India must stop hype-driven #crypto #scams and MLM-style #investment traps. According to The The New Indian Express, the ENFORCEMENT DIRECTORATE has arrested Masoom Juneja under #PMLA in connection with an alleged ₹500 crore cryptocurrency scam that reportedly duped more than 2.48 lakh investors across India. The ED investigation began from FIRs filed in Himachal Pradesh and Punjab. Investigators allege that investors were lured through #Korvio Coin (KRO), flashy promotions, assured-return promises, and a multi-level marketing model. ED also says fresh investor money was allegedly used to pay earlier participants — a classic #Ponzi warning sign. This is not just a crypto story. It is a household savings protection story. India needs stronger public awareness, faster enforcement, and strict action against MLM-based financial frauds that exploit trust, financial aspiration, and digital hype. Hype is not due diligence. Assured returns are a red flag. Household savings must be protected. https://lnkd.in/geWUj9bq #CryptoScam #IndiaCryptoScam #EDInvestigation #MoneyLaundering #PMLA #PonziScheme #MLMScam #InvestorProtection #HouseholdSavings #FinancialLiteracy #CyberCrimeIndia #CryptoFraud #KorvioCoin #DigitalIndia #ConsumerProtection MyGov India CyberDost I4C Reserve Bank of India (RBI) Securities and Exchange Board of India (SEBI)

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