Nishad, a 36-year-old man, of India, from the Malappuram district of Kerala, which lies in the south of the country, is recently taken into charge of luring investors. As per the sources, the 36-years-old is a managing director of a Bangalore based startup. The suspect had illegally defrauded investors by promising them a daily return of 270 rupees if investors deposited 15,000 into Morris Coin.