New Delhi: A 28-year-old man, enrolled in an (*23*) course at a school in Nagpur, Maharashtra, has reportedly fallen sufferer to a cryptocurrency funding rip-off, dropping an enormous Rs 23 lakh.
What Is The Case?
In response to officers from the Wathoda police station, the scholar, initially from Hooghly, West Bengal, was approached by a fraudster posing as an funding advisor through the Telegram messaging platform on November 17, 2023. (Also Read: Hyderabad Restaurant Fined Rs 5K For Denying Free Drinking Water)
The scammer enticed the scholar with guarantees of profitable returns via a cryptocurrency scheme. (Also Read: ‘This Salary Equal To IT Companies’: Users On Viral Job Posting At Momo Shop)
To realize the scholar’s belief, the fraudster instructed him to deposit Rs 1,000 right into a specified checking account. In return, the scholar obtained Rs 1,400, reinforcing his perception within the scheme.
As time progressed, the scholar continued to speculate, finally depositing a complete of Rs 23 lakh into the account, hoping to reap the promised earnings. Sadly, neither the returns materialized nor may he retrieve the invested quantity.
Authorized Motion And Investigation
Upon complaining, the police registered a case beneath related sections of the Indian Penal Code and the Data Technology Act. Investigations into the matter are presently underway.
Consciousness And Warning Towards Investment Frauds
Investment-related frauds are available numerous varieties, together with Ponzi schemes and fraudulent funding schemes providing unrealistic returns. Stopping such scams necessitates regulatory oversight, investor training, and due diligence.