Ponzi Scheme Scam: Bengaluru Police Bust Rs 854 Crore Cyber Investment Fraud, Arrest Six People
Get latest articles and stories on India at LatestLY. The Bengaluru Police have busted a Rs 854 crore cyber fraud scam and arrested six people who allegedly cheated thousands of victims across India on the pretext of an investment scheme, officials said on Saturday.
Bengaluru, September 30: The Bengaluru Police have busted a Rs 854 crore cyber fraud scam and arrested six people who allegedly cheated thousands of victims across India on the pretext of an investment scheme, officials said on Saturday. Out of the total cheated amount, Rs five crore had been frozen, they said.
The accused gang lured the victims through Whatsapp and Telegram. Initially, they were asked to invest smaller amounts ranging from Rs 1,000 to 10,000 on the pretext that they would earn Rs 1,000 to 5,000 per day as a profit, a senior police officer said. Thousands of victims invested money ranging from Rs one lakh to 10 lakh or more, he said.슬롯 머신 사이트 추천Assam Shocker: Cyber Criminals Make Morphed Obscene Pics of Female Students of Guwahati College Viral on Social Media, Investigation Underway.
The money invested by the victims was dumped into different bank accounts through online payments. However, after completing the investment process, when the victim tried to withdraw the amount, they never got any refund, he added.슬롯 머신 사이트 추천Insurance Fraud in Mumbai: IT Company Duped of Rs 40 Lakh in Insurance Policy Scam by 'Shot Format' Firm, Director Samrat Sengupta Arrested.
Once the amount was collected, the accused diverted the consolidated money to mule accounts (related to money laundering), the officer said. The total amount of Rs 854 crore was dumped into various online payment modes through crypto (Binance), payment gateway, gaming apps among others, he said.
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