Crypto Scammer’s Bungalow Seized in India by Law Enforcement
The Enforcement Directorate (ED) of India has seized a commercial hotel property worth $3.5 million in the popular tourist place Pamban Island of Rameswaram town in Tamil Nadu, allegedly belonging to an accused involved in running a cryptocurrency-related scam forex trading platform.
According to ED officials, a team of ED Kolkata seized properties worth Rs 30 crore ($3.5 million), including 60 hotel rooms and vacant land located in Rameswaram, Tamil Nadu, belonging to TP Global FX, an illegal forex trading platform whose owners had defrauded thousands of victims in India by luring them with high returns in cryptocurrency-related investments.
