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Man Promised 60% Returns on Crypto Investments Loses Rs 92.48 Lakh
Sentiment: NegativeHigh Priority
What Happened?
A 34-year-old man from Vadodara, Gujarat, lost Rs 92.48 lakh in a cryptocurrency scam after being misled by a woman he met on Facebook. He was promised high returns on his investments.
Key points
- Jasmin, a Vadodara resident, was duped after befriending Aditi Mishra on Facebook.
- He invested Rs 10,000 initially, encouraged by fake profits shown on a trading website.
- The fraudsters convinced him to invest a total of Rs 94,27,614 through various transactions.
- He received only Rs 1,07,606 and 717.29 USDT back, realizing he was scammed.
- Cybercrime police are investigating the case, focusing on financial transactions and communications.
Key insights
- The incident underscores the importance of verifying investment opportunities before committing funds.
- Social media can be a tool for fraudsters to gain trust and manipulate victims.
- Victims of such scams may face significant financial losses and emotional distress.
Why it matters
This case highlights the risks of online investments and the tactics used by fraudsters to exploit victims.
Entities
Jasmin· PersonAditi Mishra· PersonNitish Kumar· PersonVadodara· Cityglobixvault.com· Website
Source
India Today
