Celebrity hairstylist Jawed Habib is now in the spotlight for a shocking reason — the Jawed Habib crypto fraud case. Police in Uttar Pradesh have filed over 20 FIRs, accusing him and his family of running a massive ₹100 crore Bitcoin scam.
What Is the Jawed Habib Crypto Fraud?
The Jawed Habib crypto fraud began with a company called Follicle Global Company (FLC). It invited people to invest in Bitcoin and Binance Coin, promising quick profits of 50%–75%.
Many investors trusted the offer because Jawed Habib’s name appeared in events and promotions. They invested amounts between ₹5–7 lakh, expecting fast returns. However, when payments stopped, complaints poured in.
Police Investigation into the Jawed Habib Crypto Fraud
The Sambhal Police in Uttar Pradesh have taken strong action. They filed 23 FIRs against Habib, his wife, and his son.
Investigators claim the accused used Habib’s public image to win investors’ trust.
To prevent escape, authorities also issued a lookout notice against the family. Police are now tracking transactions made through crypto wallets and bank accounts linked to FLC.
Jawed Habib’s Reaction
Habib has denied all charges in the Jawed Habib crypto fraud case. His lawyer stated that he was never a business partner in Follicle Global Company. According to them, Habib only attended a promotional event as a chief guest, not as an investor or promoter.
Even so, police have called him for questioning to clarify his connection with the company. The investigation is still in progress.
Why This Case Matters
The Jawed Habib crypto fraud is not just about money. It shows how famous names can influence investors’ decisions. This case also warns people about trusting celebrity-endorsed crypto schemes without proper checks.
Moreover, it reflects the growing risk of cryptocurrency scams in India, where regulatory clarity is still developing.
Habib’s Past Controversies
This is not the first time Jawed Habib has faced public backlash. In 2022, a video went viral showing him spitting on a woman’s hair during a workshop. Although he later apologized, it damaged his reputation.
The Jawed Habib crypto fraud has now added legal pressure to his already controversial image.
What Happens Next in the Jawed Habib Crypto Fraud Case?
Police are continuing to question the accused. Victims are being called to record their statements. The evidence includes digital wallet logs and WhatsApp chats.
If proven guilty, Habib and others could face jail under Sections 406 and 420 of the IPC for cheating and criminal breach of trust. The court will decide the next step after reviewing all documents.
For now, the Jawed Habib crypto fraud remains one of India’s biggest celebrity-linked crypto cases.
Key Takeaway
The Jawed Habib crypto fraud is a reminder to stay alert. Always check company records, registration details, and financial licenses before investing.
In the digital age, trust should come from facts — not fame.
Sources: Times of India, Hindustan Times
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