According to a report by bitcoin.com on August 19th, Divyesh Darji, head of the Indian trading platform Bitconnect, was arrested this week at an airport in Madrid. The reason for the arrest was that he and his accomplice were suspected of investing millions of dollars in fraud. They use 60% interest per month, invest in assets such as Bitcoin, and attract and defraud investors in the form of “recommended interests”. Previously, the Bitconnect trading platform was forced to close due to suspected Ponzi scheme.

https://news.bitcoin.com/india-bitconnect-head-arrested/