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APX Betting Network, Mule Accounts and a ₹800-Crore Crypto Trail: ED Arrest of Ram U. Ramdhani Puts the Fintech Facade Under a Harsh Spotlight
There is nothing particularly sophisticated about the oldest trick in the fraudster’s handbook: first create confidence, then increase the victim's exposure, and finally make the money disappear. What makes the alleged All Panel Exchange (APX) network disturbing is not merely th…
The Enforcement Directorate has arrested Ram U. Ramdhani in connection with an alleged network known as All Panel Exchange, or APX.
The case involves allegations of online betting, the use of mule accounts, and an alleged cryptocurrency trail worth ₹800 crore. The description also refers to the alleged cheating of victims of crores of rupees.
