Jawed Habib and Son Allegedly Involved in Multi‑Crore Crypto Fraud Promising Bitcoin, Binance Coin Returns

• Search warrant issued after multiple FIRs and complaints

• About 150 investors reportedly invested between Rs 5 lakh and Rs 7 lakh each in a promised high-return crypto scheme.

• Authorities report 33 FIRs and at least 23 related criminal cases; police will search Mumbai and Delhi properties for evidence.

Jawed Habib crypto scam: Celebrity stylist and son accused of duping investors of Rs 5–7 crore in a Bitcoin/Binance coin scheme. Latest updates from COINOTAG.

Published: 2025-10-16 | Updated: 2025-10-16 | By COINOTAG

What is the Jawed Habib crypto scam?

The Jawed Habib crypto scam refers to allegations that celebrity hairstylist Jawed Habib and his son, along with associates from Follicle Global Company (FLC), solicited investments in Bitcoin and Binance Coin by promising unusually high returns (50–75%), leading to dozens of FIRs and an estimated Rs 5–7 crore loss to investors.

How did authorities respond to allegations?

Local police in Sambhal, Uttar Pradesh, executed a search warrant at Jawed Habib’s Delhi residence; officers did not find him. Superintendent of Police KK Bishnoi said the team will now search his Mumbai address and seize documents. The warrant follows complaints filed by investors and multiple FIRs alleging cheating (IPC 420) and threats (IPC 506).

Background and case details

According to police briefings and local reporting, events held in 2023 by Follicle Global Company in Sambhal promoted cryptocurrency investment plans that guaranteed rapid, high returns. The organisers — identified in complaints as Jawed Habib, his son Anas (also spelled Anos/Anas in some filings), and Saifullah Khan of the Sambhal office — are accused of persuading roughly 150 people to invest amounts between ₹5 lakh and ₹7 lakh each.

Investors approached law enforcement after promised payouts failed to materialise within a year. Multiple FIRs were lodged; officials report a combined total of 33 FIRs and at least 23 related criminal cases filed in the region. Police say the accused shut down the business and went into hiding, prompting searches of known properties and seizure of relevant documents where found.

What do the police say?

Superintendent of Police KK Bishnoi told investigators that Jawed Habib was not present at his Delhi home when officers executed the search. A family member at the address reported that he no longer resided there. Police confirmed they will extend the search to Habib’s Mumbai residence and will take all necessary steps to question the accused and preserve evidence.

Investors, alleged losses and evidence

Police estimates put the total amount collected at approximately Rs 5–7 crore, based on investor reports that contributions ranged from Rs 5 lakh to Rs 7 lakh each. The complaints allege that organisers promised returns of 50–75% and offered structured payouts within short timeframes — claims law enforcement says are central to the FIRs for cheating and criminal intimidation.

Authorities are collecting transaction records, event documentation and witness statements. Plain-text references in police filings identify the organisations and individuals involved; official documents and FIRs filed with the Uttar Pradesh Police form the basis of the ongoing investigation (as reported by local press and police statements).

Frequently Asked Questions

How many FIRs have been filed in the Jawed Habib crypto scam?

Officials report multiple complaints totaling 33 FIRs related to the scheme, and separate reporting notes at least 23 criminal cases filed earlier this month in Uttar Pradesh for alleged cheating (IPC 420) and threats (IPC 506).

Where will police search for evidence and suspects?

Police executed a search at a Delhi residence linked to Jawed Habib and plan to search his Mumbai address next. Investigators will also target company premises and records linked to Follicle Global Company and related entities named in complaints.

Key Takeaways

• Immediate law enforcement action: Search warrants have been executed and police plan further searches in Mumbai and Delhi.
• Alleged scale of the fraud: About 150 investors and Rs 5–7 crore in reported losses are central to the investigation.
• Next steps for investors: Affected investors should preserve transaction records, share documentation with investigators, and follow official police updates.

Expert context

Legal and financial-protection experts caution that guaranteed high returns are a common red flag in investment frauds. In such cases, investigators typically trace bank transfers, wallet transactions and event records to establish the flow of funds and identify organisers. Official FIRs and police statements are the primary sources for case facts.

Celebrity hairstylist Jawed Habib and his son are accused of duping investors in a multi-crore crypto scam.

A search warrant has been issued against celebrity hairstylist Jawed Habib and his son Anos Habib in connection with a multi-crore crypto fraud case. The father and son duo are accused of tricking more than 100 investors into putting money into Bitcoin and Binance coins through Follicle Global Company, which promised them unusually high returns.

According to local reporting and police statements, the Sambhal police, led by Sub-Inspector Pavitra Parmar, went to Habib’s home in New Friends Colony, Delhi, with a search warrant. Amjad Habib, who was present, told officers that Jawed did not reside there. Police searched the house for about 30 minutes before leaving and said they will now search Habib’s property in Mumbai.

“Jawed Habib was not found at his Delhi residence, but the police will now go to his Mumbai address,” said Superintendent of Police KK Bishnoi. “The team will seize all relevant documents and take all necessary steps to question him.”

The warrant was issued after dozens of FIRs were filed against Jawed Habib, his son, and Saifullah Khan, head of the Sambhal office of Follicle Global Company, for allegedly promising investors 50–75% returns. The accused organised events in 2023 where attendees were urged to buy Bitcoin and Binance Coin through related companies and schemes.

The police say about 150 people invested between Rs 5 lakh and Rs 7 lakh each. Investors approached police after they did not receive promised returns within a year. By that time, the organisers are reported to have shut operations and gone missing from known business locations.

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Conclusion

This developing investigation into the Jawed Habib crypto scam centers on investor complaints, multiple FIRs, and alleged collection of Rs 5–7 crore through promises of high crypto returns. Official police filings and local reporting form the factual record; COINOTAG will continue to monitor police statements and document releases as the case progresses. Affected investors should keep records and cooperate with investigators.

TAGGED: Crypto Scam