Grant County authorities have identified Prateek Jain, an Indian national, as the suspect in a $36,000 crypto fraud involving fraudulent deposits into a Bitcoin ATM.
In a cryptocurrency fraud that involved Prateek Jain, a 33-year-old man from Kolkata, India, authorities in Grant County, Indiana, have recovered $36,000.
Jain is accused of felony fraud and money laundering for allegedly persuading a resident of Marion, Indiana to deposit funds into a bitcoin ATM as part of the scheme.
Jain was identified as the perpetrator after the case was initially reported to the Marion Police Department and subsequently transferred to the Grant County Sheriff’s Office.
Jain had previously visited the United States on a transitory visa in 2024 and has since returned to India, where he is currently situated.
A $500,000 cash-only surety has been issued in conjunction with an active arrest warrant. Sheriff Del Garcia advised residents to be cautious of online hoaxes, stating, “If it sounds too good to be true, it probably is.”
