A cricket-loving Sydney socialite, an affluent man-about-town — that's how Harpreet Singh Sahni portrayed himself.
Mr Sahni had also followed the 2017 cryptocurrency boom, noting how it created unbelievable wealth for early adopters of Bitcoin. Mr Sahni was selling PGUC while also promoting large concerts by major Indian acts like Satinder Sartaaj . Then, in December 2017, the cryptocurrency price crashed, and WhatsApp chat groups lit up with users suspecting they'd been robbed.
"I did sufficient research to satisfy myself that my own investment into PGUC was worth a risk, and I told anyone that I introduced to a PGUC seminar to do the same."Background Briefing has discovered how his spiritual community, the Dada Bhagwan Foundation, proved to be fertile ground for Mr Sahni's operation.
On one of his hospital visits, Mr Patel was accompanied by another man he knew from the Daga Bhagwan Foundation, who offered him an entry into PGUC as a way out of his troubles.Bhavesh Patel lost around $30,000 in the PGUC scam. "I was [an] investor who got trapped into this scam and became a victim of the same and take full responsibility for myself as I took the risk with my own greed of getting [into] a quick-rich scheme," Mr Bajaj told the ABC.More than a year passed and victims were giving up hope of retrieving their money.Then the news broke in August 2019 — Indian police had arrested Harpreet Singh Sahni in a New Delhi hotel.
"It's clear from this that they had no intention of investing and they had planned to deceive from the beginning," Inspector Ashok Awasthi said.In three written confessions, Mr Sahni admitted he had been approached by three Indian men in early 2017, who told him they could get people to invest in a cryptocurrency networking business and scam them.
He said he earned approximately $540,000 worth of PGUC coins and deposited $135,000 into his Westpac bank account.
BackgroundBrief This is hardly worthy of a Background Briefing story. Well off people losing $30,000. Surely there is more pressing social justice concerns to report on?
BackgroundBrief If it sounds too good to be true ...it is! Please understand the concept of RISK!
'Crapto currency' always seemed like a con.
Doesn't look like a sydney man
This is why you should not have duel citizenship.
Sorry but who falls for this nonsense?
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: smh - 🏆 6. / 80 Read more »