E-commerce frauds are no more a news to the world, especially when as a country alone, we have had fraudsters like Vijay Mallya, Neerav Modi, and Amit Bharadwaj who took advantage of the loopholes in our economic system and banking sector and imposed the country and its people into a deep pit financial crisis.
Amit K Bharadwaj is the CEO of GB Miners, better known for being a fraudster. In 2013, he built the first Indian e-commerce website that accepted Bitcoins or cryptocurrency, in exchange for the items sold to its customers. The website was named highkart.com. He has also been known for his ventures like Amaze Mining and Research Limited.
|Full Name:||Amit K Bharadwaj|
|Stage Name:||Amit Bharadwaj|
|Birthday:||January 17, 1983|
|Place Of Origin:||India|
|Profession:||Bitcoin Miner, entrepreneur, Business executive|
|Total Net Worth:||$1.86 Billion|
There isn’t much information known about Amit K Bharadwaj’s early life. He maintained a very low profile lifestyle and his life wasn’t a subject of the public eye before he committed the fraud. According to what his documents say, he was born on January 17, 1983, in Maharashtra. As a child, he was sent to one of the branches of Kendriya Vidyalaya in Maharashtra.
After completing his schooling, he attended the Mahatma Gandhi Mission’s College of Engineering and Technology to pursue his graduation in engineering. His College was in Nanded, Maharashtra, from where he is believed to have completed his Btech degree in Computer Science and engineering. He attended the Mahatma Gandhi Mission’s College of Engineering and Technology from 2000-2004.
He managed to save his family and friends from the public eye and media and therefore, nothing much is known about them.
The promulgator of cryptocurrency in India:
Amit K Bharadwaj is believed to be one of the very first people who introduced and promoted cryptocurrency in India. He understood how it was a very foreign subject for us as a country that still worked on paper currency. To lure the interests of people towards his subject and to fulfill his purpose, he threw yacht parties and showed off his wealth to the world. When everyone couldn’t digest the fact that a regular businessman was making so much money, he would open his cards and promote his ideas and schemes before them.
People say he was such a good businessman that not only did he manage to bring people to his schemes and invest in them but he even pursued many of them in taking heavy loans from the banks and investing in his schemes. He opened companies like AmazeMiners, GBMiners, CoinBank, Blockchain Research Ltd, and GainBitcoin and even launched a crypto token named MCAP.
He promised people that for all the investments they would make in Bitcoin, they would be provided with an interest of 10% every month for 18 months. Soon after the scheme was promoted and bought by various people across the country, Amit K Bharadwaj went missing, leading to a major stir in most people’s lives.
In 2013, Amit K Bharadwaj launched a website which sold different items. The USP of this website was the fact that it was the first Indian e-commerce website to accept bitcoins in exchange for the products they sold. Amit Bhardwaj even wrote and published several books on cryptocurrency, promoting it and selling the idea, how it was the future of the world’s economy.
In 2016, he founded companies like Amaze Mining & Blockchain Research Ltd, which was an Alt-coin Mining Technology firm. In the same year, Amit also founded GBMiners, which was an Indian Bitcoin Mining Pool. People who invested in the website in some or another way, found out sometime later that the website was a fraud.
Coins bank was another company in his name that was founded around the same year. It was a Safe Bitcoin Wallet and yet another fraud company that had been opened to loot people. He used to name his companies in such a way that they sounded like other popular companies and people might confuse them with the other, therefore giving them the benefit of confusion. Amit Bharadwaj also invested in companies like Airbitz, Alpha Point, Air Selfie, Rock Miner and 1Hash.
Where is he now?
After his fraud business was busted open before the world, 12 FIRs were filed against him. Four of them in Delhi NCR, one FIR in Chandigarh, two in Pune, and one in Mumbai, Thane, Nanded, Bengaluru, and Kolkata. After following the due course of the legal act, Amit k Bharadwaj was finally arrested on March 30, 2018, in Bangkok.
Even after his arrest, the chargesheets kept being filed against him across various cities of India like Pune, Chandigarh, Mumbai, and Delhi. Bharadwaj along with his lawyers kept filing for bails across several courts in the country but was denied bail each time.
Bharadwaj kept avoiding the dates of court and put forward his ill health as an excuse for running away from the court. He has used the same excuse to get bail but has failed each time.
Amit Bharadwaj’s net worth is $1.86 Billion and has been a result of the several fraud companies that he had opened in his name. The fraudster rests in jail while there a countless charge sheets filed against him across the country.
Amit K Bharadwaj is the CEO of GB Miners, better known for being a fraudster. In 2013, he built the first Indian e-commerce website that accepted Bitcoins or cryptocurrency, in exchange for the items sold to its customers. The website was named highkart.com. In 2016, he founded companies like Amaze Mining & Blockchain Research Ltd, which was an Alt-coin Mining Technology firm.
He promised people that for all the investments they would make in Bitcoin, they would be provided with an interest of 10% every month for 18 months. Soon after the scheme was promoted and bought by various people across the country, Amit K Bharadwaj went missing and the truth was busted open that Bharadwaj was a fraudster.