Scammers at QFX Trade have had $19.5 million confiscated by Indian police.

According to the Times of India, QFX Trade was a forex scam that went by the names Yorker FX, TLC Coin (which has nothing to do with Total Life Changes), and BotBro.

Under the QFX investment plan, agents of the QFX group of firms operated an MLM scam. They used social media ads, apps, and websites to entice investors with the promise of increased profits via forex trading.

The Enforcement Directorate “has frozen bank deposits worth Rs 170 crore” (about $19.5 million USD) as part of an ongoing inquiry.

Several bank accounts owned by NPay Box Private Limited, Capter Money Solutions Private Limited, and Tiger Digital Services Private Limited were found to be utilized for the “collection of funds” from investors, according to the inquiry.

Rajendra Sood, Vineet Kumar, Santosh Kumar, and Nawab Ali, also known as Lavish Chaudhary, the founder and CEO of QFX Trade, are among the suspects being investigated.