Pune Real Estate Brothers Fall Victim to Rs80.27 Lakh Cryptocurrency Scam
A 26-year-old real estate businessman and his brother from Pune lost Rs80.27 lakh to a cryptocurrency scam, promising 10% monthly returns for five years. Discover how they became victims of cybercrime and what steps they took to report it.
Cryptocurrency ScamPuneReal EstateCybercrimePimpri Chinchwad Cyber PoliceReal Estate PuneNov 27, 2024
Senior Inspector Ravikiran Nale of the cyber police provided insights into the case. He stated that in August this year, the perpetrators contacted the complainant and claimed to be the India head of a prominent cryptocurrency company. The suspects convinced the victims that by investing in cryptocurrency through their company's application, they would earn a 10% profit every month for a five-year period.
Believing the false promises, the businessman transferred Rs25.30 lakh, while his brother transferred Rs54.77 lakh. Collectively, the pair lost Rs80.27 lakh to the cybercrooks. The victims realized they had been scammed when they failed to receive the promised returns and could not contact the suspects.
The cyber police have launched an investigation to trace the perpetrators and recover the lost funds. Inspector Nale emphasized the importance of due diligence and caution when dealing with investment opportunities, especially in the high-risk cryptocurrency market.
Information
Cryptocurrency scams have become increasingly common in recent years, with cybercriminals using sophisticated methods to defraud unsuspecting victims. The promise of high returns often lures investors, particularly those who are new to the cryptocurrency market. It is crucial to verify the legitimacy of any investment platform and seek professional advice before making significant financial commitments.
About Pimpri Chinchwad Cyber Police
The Pimpri Chinchwad Cyber Police is a specialized unit dedicated to combating cybercrimes in the Pimpri Chinchwad district of Maharashtra. They are equipped with the latest technology and trained personnel to handle cases involving cyber fraud, data theft, and other digital crimes. The unit works closely with other law enforcement agencies to ensure the safety and security of the community in the digital age.
FAQs
1. What happened in the Pune cryptocurrency scam?
Two brothers from Pune, a 26-year-old real estate businessman and his brother, were scammed out of Rs80.27 lakh by cybercrooks who promised 10% monthly returns for five years on their cryptocurrency investments.
2. How did the scam work?
The fraudsters contacted the victims, claiming to be the India head of a prominent cryptocurrency company, and convinced them to invest through a company application. The victims transferred the amounts to different bank account numbers between August and November.
3. What steps did the victims take to report the scam?
After realizing they had been scammed and failing to contact the suspects, the victims approached the Pimpri Chinchwad cyber police and lodged a complaint.
4. What advice does the cyber police have for potential victims?
The cyber police advise individuals to exercise caution and perform due diligence when considering investment opportunities, especially in the high-risk cryptocurrency market. It is essential to verify the legitimacy of the investment platform and consult financial experts if necessary.
5. How can one report a cryptocurrency scam?
If you suspect a cryptocurrency scam, you should immediately report it to the nearest cyber police station or the relevant cybercrime unit. Providing detailed information about the scam and any transaction records can aid in the investigation.
Frequently Asked Questions
What happened in the Pune cryptocurrency scam?
Two brothers from Pune, a 26-year-old real estate businessman and his brother, were scammed out of Rs80.27 lakh by cybercrooks who promised 10% monthly returns for five years on their cryptocurrency investments.
How did the scam work?
The fraudsters contacted the victims, claiming to be the India head of a prominent cryptocurrency company, and convinced them to invest through a company application. The victims transferred the amounts to different bank account numbers between August and November.
What steps did the victims take to report the scam?
After realizing they had been scammed and failing to contact the suspects, the victims approached the Pimpri Chinchwad cyber police and lodged a complaint.
What advice does the cyber police have for potential victims?
The cyber police advise individuals to exercise caution and perform due diligence when considering investment opportunities, especially in the high-risk cryptocurrency market. It is essential to verify the legitimacy of the investment platform and consult financial experts if necessary.
How can one report a cryptocurrency scam?
If you suspect a cryptocurrency scam, you should immediately report it to the nearest cyber police station or the relevant cybercrime unit. Providing detailed information about the scam and any transaction records can aid in the investigation.
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