Cyber Crime: Rs 1.40 Crore Lost in Cryptocurrency Scam

A private company manager in Nashik was cheated by cybercriminals of Rs 1.40 crore after investing in cryptocurrency with the promise of high returns. The incident came to light when the victim, 38-year-old Krishna, approached the Cyber Police Station in Nashik. Krishna was lured into investing in cryptocurrency after receiving an investment link on Facebook and WhatsApp on July 25. Despite transferring large sums of money, Krishna was unable to withdraw his investment, with the fraudsters cutting off all contact with him.

Key Takeaways:

Krishna, a 38-year-old private company manager, was cheated by cybercriminals of Rs 1.40 crore by investing in cryptocurrency with the promise of high returns.
The incident occurred after Krishna received an investment link on Facebook and WhatsApp on July 25.
Krishna initially invested Rs 1 lakh, but after the accused transferred Rs 4 lakh back into his account, he started investing large sums of money.
Krishna transferred around Rs 1.40 crore into different bank accounts, including borrowing money from close relatives and friends.
The accused created an online account for Krishna, showing him fake profits, but cut off all contact when requested to withdraw the investment.
A case has been registered under the BNS sections of cheating and the Information Technology Act.

Statistics:

Rs 1.40 crore: The amount cheated from Krishna in the cryptocurrency scam.
Rs 1 lakh: The initial investment made by Krishna.
Rs 4 lakh: The amount transferred back into Krishna's account by the accused to win his confidence.
Rs 1.40 crore: The total amount invested by Krishna into different bank accounts.
38 years: The age of the victim, Krishna.

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