A 28-year-old MBA student in Nagpur, Maharashtra, was allegedly scammed out of Rs 23 lakh, falling prey to promises of high profits in cryptocurrency investments, as per police reports.
The fraudster, posing as an investment advisor, contacted the student via the online messaging platform Telegram in November last year. Through enticing promises, the fraudster convinced the student to invest in a cryptocurrency scheme, promising him good returns.
The person asked the student, who hailed from Hooghly in West Bengal, to deposit around Rs 1,000 into an unknown bank account. Later, the student received Rs 1,400 back. The officials said that the cybercrook gained the students’ trust in the scheme through this.
Over time, the student proceeded to deposit a total of Rs 23 lakh into the same bank account, hoping to receive comparable returns.
The official stated that despite his efforts, the student neither received the promised returns nor managed to recover the invested amount.
Authorities have registered a case under specific provisions of the Indian Penal Code and the Information Technology Act. An investigation into the matter is currently underway.