Delhi police have arrested a Chennai resident in connection with the Rs 500 crore HiBox investment scam. The app, launched in February 2024, promised high returns but later withheld funds. Several YouTubers and influencers have been summoned for promoting the scam. Over 500 complaints have been filed against them.
source https://timesofindia.indiatimes.com/technology/tech-news/this-is-the-stock-trading-app-linked-to-rs-500-crore-investment-fraud-youtubers-elvish-yadav-bharti-singh-among-5-summoned/articleshow/113916008.cms
source https://timesofindia.indiatimes.com/technology/tech-news/this-is-the-stock-trading-app-linked-to-rs-500-crore-investment-fraud-youtubers-elvish-yadav-bharti-singh-among-5-summoned/articleshow/113916008.cms