By Biswanath Dash
BHUBANESWAR: Odisha Police Economic Offences Wing, Bhubaneswar arrested accused Nilesh Kumar Kar of Angaragadia, Balasore, on 06.04.2023 in EOW PS Case No.15dt.05.04.2023 U/s 420/467/468/471/120-B IPC, r/w Sec.66 (D) of ITAct/Section 6 of OPID Act.
The arrested accused was produced before the Hon’ble Designated Court under OPID Act at Balasore, and is being brought toBhubaneswar on 04(four) days police remand. The case was registered on the allegation of Mahamanya Jena of Sahadebkhunta, Balasore against the arrested accused Nilesh Kar, for inducinghim to invest in a App/website namely ‘Cloud-Fut’ for earning extra money.Being induced by him, the informant invested Rs.2,13,038/- by depositing thesame in between January to March, 2023.
When he was to get Rs.50,57,117/-on his invested amount, as shown in the wallet of ‘Cloud-Fut’, suddenly thewebsite stopped functioning and the informant could not withdraw theamount.Modus Operandi1. The ‘Cloud-Fut’ is an online APP/ linked based company running a hugePonzi/ MLM scheme fraudulently claiming to be a crypto miningcompany.
It claimed itself to be a USA based company headed by some RichardPurcell. A video was also shown to investors in which this person(Richard Purcell) is promoting the “Cloud Fut” in English with Americanaccent. It claimed and also produced fake certificates of RBI to gain the trustof investors. It was claimed that Government of India has made a 10years agreement with “Cloud Fut”.
It lured more than 80,000 investors across the country with a promiseof multiplying their money in a very short period. At least 200 investorsare from Balasore district. For introducing new members it also offered huge bonus/ commission.The policies started as low as from Rs 665/- to in Lakhs. Initiallyinvestors used to get some returns but at the end the App/ websiteclosed. It was mainly running through Telegram Channel and Whatsapp groups.
. The arrested accused Nilesh Kar was the certified district head ofBalasore. He showed the fake authorization letter from RBI and also theappointment letter of ‘Cloud-Fut’ as Dist. Leader to gain the trust. Hewas also promoting it through various means. ‘Cloud-Fut’ has got all India ramification and has cheated lakh ofpersons Pan-India in the name of Crypto Mining.
It is actually running the online Ponzi scam in the name of Crypto Mining. Further investigation is on to find out the mastermind and top bosses ofthis scam.One Mobile phone containing many incriminating materials has been seized from the arrested accused. Besides fake authorization/certificate purportedly issued by Governor, RBI and also the appointment letter issued to the accused by the Cloud-Fut etc. have also been seized from the possession of the accused .The investigation of the case is on.#######Toll free No.18003457103
