Ahmedabad Businessman Loses $221K in Crypto Scam 🚨
A 48-year-old businessman from Ahmedabad fell victim to a cryptocurrency scam, losing Rs. 1.92 crore ($221K) after being deceived by a fraudster on Facebook.
How the Scam Unfolded:
The businessman accepted a friend request from a woman claiming to be in the gym equipment business.
She introduced him to a supposedly profitable crypto platform via WhatsApp.
After an initial investment of $500, which yielded a $250 profit, he was convinced to invest Rs. 6 crore ($692K).
When he tried to withdraw his funds, he was asked to pay a 20% tax upfront—a clear warning sign.
The scammer then vanished, and the platform turned out to be fake.
Authorities’ Response:
A case has been registered, and officials are warning people against unverified crypto investment schemes. They urge investors to use only trusted platforms to avoid such frauds.
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