These founders made it to Forbes 30 under 30; Went Jail after a week. I have a question

Nikunj Jain and Ayush Varshney, founders of NashVentures were featured in Forbes 30 under 30 last month.
Nikunj Jain is now in police custody (under cryptocurrency scam charge) and Ayush Varshney is absconding.
What due diligence goes into these 30 under 30 programs (link), if there is one?
What’s the ongoing rate, if there is one for these awards?

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