Guwahati, September 3, 2024 — Sapnanil Das, a key figure in the notorious Black Stone trading app scandal, was arrested by Guwahati police in the Beltola area yesterday. Das is accused of being part of a team that orchestrated a sophisticated investment scam, leaving numerous investors in financial ruin.
During the arrest, authorities seized two luxury vehicles believed to have been purchased with illicit funds obtained through the fraudulent scheme. The vehicles are a testament to the extravagant lifestyle Das allegedly led while exploiting unsuspecting investors.
The Black Stone trading app, initially marketed as a cutting-edge platform for high-return investments, has been revealed as a front for massive financial misappropriation. Promising lucrative returns, the app attracted a significant number of investors who were eager to multiply their savings. However, these promises quickly unraveled, with many realizing too late that their investments had been siphoned off by the operators of the scam.
The victims of the Black Stone trading app scam are now left grappling with significant financial losses, as the funds they invested were never returned. The arrest of Sapnanil Das is seen as a crucial step in the ongoing investigation into the scam, with authorities hopeful that it will lead to further arrests and the recovery of stolen funds.
Guwahati police have urged anyone with additional information about the Black Stone trading app or Sapnanil Das’s involvement to come forward, as the investigation continues to unfold. Investors affected by the scam are also encouraged to report their losses to the authorities.
This arrest highlights the growing threat of fraudulent investment schemes in India, particularly those leveraging technology to target unsuspecting victims. The case serves as a stark reminder for investors to exercise caution and conduct thorough research before committing their money to any financial platform.
