$36,000 found in a cryptocurrency scam in Grant County

Marion, Indiana – Following the recovery of $36,000 stolen in a cryptocurrency fraud, Grant County officials have issued an arrest warrant for an Indian man.

Last Monday, Prateek Jain, 33, of Kolkata, West Bengal, India, was accused of felony money laundering and fraud. Officials are now attempting to apprehend Jain after issuing an arrest warrant. Below is a police-provided picture of a Jain: When a victim informed the Marion Police Department earlier this year that they had been tricked into placing $36,000 into a Bitcoin ATM only to discover it was a scam, the investigation against Jain got underway. The Grant County Sheriff’s Office was then tasked with handling the case.

Jain was named as a suspect throughout the investigation, and it was discovered that he had visited the US in 2024 on a temporary visa before leaving for India.

According to Grant County officials, the victim received their money back and all funds were successfully recovered.

Sheriff Del Garcia declared, “If you commit crimes against the people of Grant County, we will do everything in our power to ensure justice is served, no matter where you are in the world.”

Jain is currently facing an arrest warrant for one count of fraud and one count of money laundering. The amount of the cash-only bond is $500,000.

In a statement released on Monday, Sheriff Garcia advised Hoosiers to be wary of these internet frauds.

He stated, “If something seems too good to be true, it most likely is.” “Members of the community are urged to use caution when making financial transactions with strangers.”

No more details were given right away.