Jawed Habib and his son Anos Habib have been booked in 23 fraud cases over a Bitcoin scam. Police said they allegedly cheated people of about ₹7 crore through an investment scheme that promised high returns.
Superintendent of Police Krishna Kumar Vishnoi confirmed that the duo ran a company called FLC. They lured investors by offering returns between 50 and 70 percent a year on Bitcoin purchases. Many people trusted the name and invested, believing it was genuine.
However, the promised profits never came. Investors soon realised they had been misled. Police are now investigating the full extent of the fraud. The case shows why you must check facts before investing, even when a well-known celebrity is involved.
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