Case Summary
Kerala's Morris Coin case was pitched as a high-return digital currency opportunity and later investigated as a major crypto fraud.
Year
2020
Fraud Amount
โน1,200 Crore
Category
Crypto Fraud
Sources
2 linked
Investors were lured with extraordinary daily returns linked to a token marketed as a legitimate crypto opportunity.
Authorities and news reports described the structure as a large fraudulent investment operation rather than a genuine digital-asset ecosystem.
The case became a warning that crypto branding alone does not make an investment innovative, legal or real.
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