crypto_media
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Indian Businessman Loses $220K in Crypto Investment Scam
A 48-year-old businessman from Ahmedabad fell victim to an elaborate cryptocurrency scam on Facebook, losing Rs. 1.92 crore ($221k). The scam began when a woman sent him a friend request, claiming to run a gym equipment business. The two moved to WhatsApp, where she introduced him to a crypto investment platform, promising high returns.
After investing $500 and seeing a profit of $250, the businessman increased his investment, ultimately sending Rs. 6 crore ($692k). However, when he tried to withdraw funds, he was asked to pay a 20% tax upfront, leading him to suspect the scam. Further investigation revealed it was a fraud, leaving him with only Rs. 92,000 in returns.
The police have filed a complaint for criminal conspiracy and fraud, warning the public about such scams and advising them to use trusted platforms for crypto investments.
A 48-year-old businessman from Ahmedabad fell victim to an elaborate cryptocurrency scam on Facebook, losing Rs. 1.92 crore ($221k). The scam began when a woman sent him a friend request, claiming to run a gym equipment business. The two moved to WhatsApp, where she introduced him to a crypto investment platform, promising high returns.
After investing $500 and seeing a profit of $250, the businessman increased his investment, ultimately sending Rs. 6 crore ($692k). However, when he tried to withdraw funds, he was asked to pay a 20% tax upfront, leading him to suspect the scam. Further investigation revealed it was a fraud, leaving him with only Rs. 92,000 in returns.
The police have filed a complaint for criminal conspiracy and fraud, warning the public about such scams and advising them to use trusted platforms for crypto investments.
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