My friend invited me to join in a BITCOIN Ponzi scheme of USA based company last year. I introduce my other friends in it. In this company we all put our hard earned money in lakhs of rupees for the sake of betterment. The company has started giving 10% daily profit in Dollars. As the joinings took place, when two people joined, the upper person used to get pair Income and also when he joins another person then also he used to get the amount of 10% of his Joining Amount. We joined under us some people and got the commission in Dollars. These Dollars were withdrawn through BITCOIN exchanges in India. Another way was also there, if new joinings took place, the introduced person used to accumulate the Dollars from other friends in the company who were joined already by paying cash to them and the new account used to be credited with those Dollars and he Income starts then onwards.
My question is about::
One of my friend Mr.Suresh joined the company by paying net cash of Rs.1,40,000/- to my friend Mr.Manish and opened his account in Dollars started earning daily returns @10%. Suddenly, the company closed permanently after two months. He could not withdraw his Amounts which were in the company accounts. When asked, my friend Manish he told we can't get them back and lost as we did not have any Office in India. it's Online business opportunity he said.
Can we take action against my friend Manish who has introduced this system to us and collected lakhs of amount from us to open accounts in company website and oped successfully ?
What steps we can take against him as he is a Private employee. Who has given false information about the company?
How can we file a case ?
can we give a police complaint to take Custody of Manish?
can we file a cheating case against Manish in the Court?
kindly help us to get back our money.
warm regards, Ham
