https://www.taxtmi.com/news?id=73368 Money laundering investigation under the Prevention of Money Laundering Act arose from an alleged cryptocurrency-based multi-level marketing scheme said to have induced public investment in Korvio Coin through assured returns, promotional events, token-value manipulation and a Ponzi-style repayment structure. The alleged operation used online platforms and foreign servers, with funds routed through bank accounts, fictitious firms and intermediaries, and a portion converted into cryptocurrency to obscure the trail. en-us Mon, 15 Jun 2026 20:31:04 +0530 Mon, 15 Jun 2026 20:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=73368 Money laundering investigation under the Prevention of Money Laundering Act arose from an alleged cryptocurrency-based multi-level marketing scheme said to have induced public investment in Korvio Coin through assured returns, promotional events, token-value manipulation and a Ponzi-style repayment structure. The alleged operation used online platforms and foreign servers, with funds routed through bank accounts, fictitious firms and intermediaries, and a portion converted into cryptocurrency to obscure the trail. News - Mon, 15 Jun 2026 20:31:04 +0530 https://www.taxtmi.com/news?id=73368