A man has approached the Cybercrime police alleging he was duped to the tune of Rs 1.60 crore(16Million) by cyber fraudsters who promised him huge returns for investments in crypto currencies.
The 47-year-old private employee from Miyapur,Hyderabad(India) told the police that his mobile number was recently added to a Telegram group by unidentified persons, where he was contacted by a woman who claimed to show huge returns for investment in ‘Bitcoins’ & also offered him guidance & tips for the same
Police said the complainant who believed the offer to be true, initially sent amounts ranging between Rs 10,000 to Rs 20,000 through e-wallets.
He immediately saw his investment had become double. Further, they claimed that he had to pay Rs 5 lakh(0.5 Million) & take membership, so he could invest higher amounts & gain more profits. They also asked him to pay a 20 per cent commission on the profits.
Accordingly, he sent a total of Rs 1.02 crore(10.2 million) to their bank accounts. Few days ago, when he wanted to terminate the contract, they demanded him to pay Rs 30 lakh(3 million) as commission, which he did. Further, under the names of various expenses, they collected a total of Rs 1.6 crore. However, when he asked them to return his investment & profits, they started avoiding him & blocked his number.
Based on a complaint, the Cybercrime police have booked a case and took up investigation. Efforts are on to trace the cyber crooks.#Write2Earn
