Nagpur: In a major crackdown, police have uncovered a massive online investment scam operating under the name “Future Digital Asset,” cheating over 31,000 investors across India of more than ₹15.58 crore. The fraud was allegedly run by CLBP System Pvt. Ltd., which lured people with promises of high returns through “Free Coin” and “Merchant Coin” schemes.

The scam was promoted via online conferences, apps, and digital platforms, convincing users to invest small amounts with the assurance of huge profits. Investigations revealed a strong Nagpur connection, with nearly 30,000 members linked to the network and over ₹5 crore invested by more than 600 local residents.

The case came to light after a complaint by a Nagpur-based woman who invested ₹2.25 lakh after being introduced to the scheme by a local agent. She was promised fixed returns and high earnings for adding new members. Although the app showed large wallet balances, she was unable to withdraw funds, eventually realizing it was a fraud.

Police have arrested two accused, including the company owner from Punjab and a Nagpur-based agent. Authorities have frozen ₹2.10 crore across multiple bank accounts and digital wallets and seized electronic devices for investigation.

Officials stated that each investor was required to deposit a minimum of ₹5,000, helping the accused build a large financial network. The company’s website reportedly showed over 10.24 lakh registered users, indicating a wider scam.

The Economic Offences Wing is now investigating the money trail, digital transactions, and identifying more victims. Further arrests are expected.