Criminal Breach of Trust (Section 406 IPC)

Karnataka Cryptocurrency Scam Case
  1. Karnataka Cryptocurrency Scam Case
  2. Jurisdiction: India (Karnataka State) (January 2025 – August 2025)
  3. Original Case: Karnataka CryptoGain Fraud (2025)
  4. Key Figures: Main accused: Sathish Reddy (founder of CryptoGain); Co-accused: Vikram Shetty, Anjali Desai (promoters); Victims: over 7,000 investors across India; Investigating agencies: Karnataka Police, Enforcement Directorate (ED).
  5. Case Tags: Cheating (Section 420 IPC);Criminal Breach of Trust (Section 406 IPC);Money Laundering (PMLA 2002);Criminal Conspiracy (Section 120B IPC)