# Two Held for Defrauding Investors of 100 Crore Through Bogus Property and Crypto Schemes > Jaipur police have arrested two men behind a massive 100 crore fraud promising exorbitant returns on real estate and USDT investments, seizing luxury vehicles and freezing a 1 crore bank deposit. **Type:** article · **Category:** Rajasthan · **Published:** 2026-10-02 · **Source:** TrendKia **Canonical:** https://trendkia.com/en/rajasthan/proparti-aura-kripto-men-bhari-munaphe-ka-lalacha-dekara-100-karora-harapane-vale-do-jalasaja-daboche-gae-41899 · **Language:** English **Tags:** Jaipur Crime, Crypto Fraud, Cyber Scam, Rajasthan Police, Mohit Kaloya, Gurgaon A multi-crore investment syndicate that duped unsuspecting individuals with promises of unrealistically high earnings has been dismantled by law enforcement authorities. Two individuals have been taken into custody for running an elaborate scam that defrauded investors of roughly 100 crore under the pretext of real estate ventures and digital asset placements in Jaipur. Acting swiftly on the financial trail, investigators have frozen a bank fixed deposit worth 1 crore and impounded luxury vehicles, including a Mercedes car and a Triumph motorcycle valued at around 1.25 crore. ## Key Suspect Nabbed in Gurgaon Followed by Accomplice in Jaipur Rural The arrested suspects have been identified by police as Mohit Kaloya and Ghanshyam Kandel. Operatives tracked down and apprehended the principal accused, Mohit Kaloya, from Gurgaon. Acting on leads obtained during his preliminary questioning, law enforcement teams subsequently raided a hideout in the Jaipur rural belt to capture his associate, Ghanshyam. The entire operation leading to their arrests was executed by personnel from the Sodala police station. ## Lure of Easy Way Homes and Fabricated Digital Token Portals Inquiries revealed that the accused orchestrated their scheme through an entity named Easy Way Homes, using property projects and investment pitches to promise massive payouts. Alongside physical real estate lures, the duo also exploited public interest in blockchain investments, particularly USDT. They created counterfeit digital platforms to divert funds, with technical investigations exposing fraudulent coin portals operating under the names Flinty-io and Flinty-live to deceive prospective contributors into parting with their capital. ## Multiple Police Complaints Registered as Digital Devices Face Scrutiny The scale of the swindle is reflected across four different police stations in Jaipur, where FIRs accounting for approximately 100 crore in illicit transactions have been registered against the syndicate. During the arrest operations, police recovered an array of electronic gadgets, including desktop computers, laptops, and mobile phones from the possession of the accused. Digital forensics teams are actively examining these devices to map out the financial transactions, identify the extent of affected investors, and uncover any wider associate network involved in the operation. ## What this means for you This breakthrough highlights the severe capital risks associated with unregulated high-yield investment pitches and unverified digital currency platforms. - **Across India:** Investors must exercise extreme diligence before committing capital to unregistered entities offering guaranteed or abnormal returns on crypto or real estate. Putting funds into portals without regulatory oversight from agencies like SEBI leaves individuals with little recourse in recovering stolen wealth. - **In Jaipur:** Local residents who deposited funds into Easy Way Homes or the linked Flinty digital platforms should immediately report their claims to authorities. Providing deposit proofs to the ongoing Sodala police probe can help document individual losses in the formal chargesheet. - **For Retail Investors:** Lavish displays of wealth and promises of guaranteed real estate yields must be treated as red flags. Always verify corporate registrations, property titles, and promoter backgrounds independently before transferring funds. - **For Digital Asset Users:** Refrain from connecting private digital wallets or depositing stablecoins like USDT onto unknown external sites. Anyone suspecting fraudulent activities should alert cybercrime authorities promptly through official grievance portals. ## Why this happened The multi-crore swindle unfolded by preying on the public appetite for quick financial windfalls through trending investment vehicles like real estate and digital tokens. - **Unrealistic Return Guarantees:** The perpetrators attracted capital by promising lucrative, guaranteed payouts far above prevailing market rates. Such claims lured individuals into handing over life savings without conducting proper due diligence. - **Sophisticated Deceptive Infrastructure:** The syndicate established front entities like Easy Way Homes and counterfeit portals such as Flinty-io and Flinty-live. These professional-looking interfaces masked the illegitimacy of the operation and delayed early detection by victims. - **Interstate Operational Base:** The mastermind operated out of Gurgaon in Haryana while targeting investors across Rajasthan through local contacts. Moving across jurisdictions helped the ring obscure its primary operating base and move illicit proceeds. - **Mounting Complaints and Cyber Tracking:** The investigation gained momentum after multiple complaints triggered formal cases across four Jaipur police stations. Law enforcement utilized digital forensics and communication traces to track down the prime suspect in Gurgaon. ## Questions & Answers ### 1. Who has been arrested in connection with the 100 crore Jaipur fraud? Police have arrested the prime suspect Mohit Kaloya from Gurgaon and his associate Ghanshyam Kandel from Jaipur Rural. ### 2. What assets and items were seized from the suspects? Authorities froze a 1 crore fixed deposit and confiscated a Mercedes car, a Triumph motorcycle worth 1.25 crore, alongside computers, laptops, and mobile phones. ### 3. How did the accused deceive potential investors? They promised high returns on real estate through Easy Way Homes and steered victims into cryptocurrency investments via fraudulent websites named Flinty-io and Flinty-live. ### 4. How many cases have been filed against the syndicate? FIRs relating to the 100 crore fraud have been registered across four separate police stations in Jaipur. --- _TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._