Celebrity hairstylist Jawed Habib and his son Anas Habib are facing legal trouble after Sambhal police filed a case against them for allegedly cheating more than 150 people in a cryptocurrency scam.
The two are said to have promised extremely high returns through their company, Follicile Global Company (FLC), tricking investors into the scheme.
According to the police, the scam started operating in 2023, when Jawed Habib and his son Anas organized a program at the Royal Palace Banquet Hall in Sarayatreen, Sambhal. This was attended by around 150 people.
They were convinced to invest in Bitcoin and Binance Coin with promises of 50–75% returns in a year. Many gave large amounts of money to the company, trusting Habib’s reputation.
Company allegedly shut down after receiving funds
The fraud came to light when investors started seeking out their promised returns but found the company had reportedly shut down.
Superintendent of Police (SP) of Sambhal district KK Bishnoi told reporters, “A group of people approached the police stating they were defrauded of lakhs of rupees by Jawed Habib, his son Anas, and others under the name Follicile Global Company.”
He further added, “They had organized a meeting at Royal Palace Banquet Hall in Sambhal, promising 50–75% returns within a year. Investments were made in Binance Coins and Bitcoins. When investors demanded their money back, the accused closed the company and absconded.”
Complaints and ongoing investigation
Several investors, including Mohammad Hilal, Rehan, Aman, Majid Hussain, and Mohammad Naim, filed complaints at Raisatti Police Station. Some of the money is believed to have been moved into an account under the name of Saiful, who claimed to be one of FLC’s directors. Considering the prominence of those involved, Additional SP Alok Bhati is overseeing the investigation. The police are also actively working to trace the money and locate all the accused.
Legal action underway
The police have registered a case under serious fraud and cheating charges. They have also asked anyone who knows anything about this scam to come forward.
Meanwhile, the whole incident has shaken investors and is a clear reminder of how risky cryptocurrency investments can be, especially when there is a lack of proper research and investments based on big names.
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