Ringing Bells roller-coaster is over, founder arrested on fraud suspicion

The founder of Ringing Bells, the company behind the infamous $4 smartphone, has been arrested on suspicion of fraud. A local retailer has filed a complaint against Ringing Bells for unfulfilled $45,000 order. They even tried to resolve the matter with the “Freedom” maker, but received death threats instead of actual phones.

Ringing Bells came under the spotlight around this time last year with the announcement of the ultra cheap Freedom 251 smartphone (the price of INR 251 equals $4).

Even though Ringing Bells fell under scrutiny after a controversial change of design, and the…