A major financial fraud has been exposed in Nagpur involving a network marketing scheme under the name ‘Dollar Pay Club.’ The racket, which resembles a Bunty-Babli style operation, targeted investors from various states, siphoning off crores of rupees under the guise of lucrative returns.
According to police reports, the accused lured investors by promising high profits through network marketing and collected huge sums of money. The operation has left several investors cheated, with a formal complaint now registered against 14 individuals.
The key accused include Shubham Ambadas Patil (Manewada, Bahadura Nagar), his wife Neha, and associates Shital Ingle (Ramtek), Umar Farooq (Hudkeshwar), and Tushar Chavan (Yavatmal). Among the victims is a prominent local businessman who trusted the scheme and ended up losing a significant investment.
Racket Spread Across Seven States
The fraud spanned Goa, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Karnataka, Gujarat, and Maharashtra, where investors were trapped through high-return promises. Victims were convinced to deposit funds into the scheme with the hope of exponential profits.
Claimed to Have U.S. ‘Crypto’ Operations
The accused presented themselves as managing international investments and a U.S.-based “crypto cluster,” claiming that investor funds were being doubled abroad. Authorities, however, found no credible evidence of such foreign investments.
Fake Trust Wallet & False Promises
A fake ‘Trust Wallet’ mobile application was used to create a façade of transparency and track returns. Investors were shown fake dashboards with rising balances, while their actual funds were allegedly diverted for personal gains.
Police have initiated a thorough investigation into the multi-crore fraud, and efforts are underway to trace the siphoned funds and bring all accused to justice.
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