Malad based couple duped of Rs 4.32 lakh in Ponzi Scam FIR registered against accused

Ponzi Scam is becoming an order of the day. Such crimes are committed jobless youths to make easy and quick money.

In a recent Ponzi scam case, a Malad couple got duped of
Rs 4.32 lakh after they invested in Bitcoin through the link on one of their acquaintances profile on Instagram.

As per police sources, after the instructions were given on the link, the complainant downloaded two apps (OKX and Binance) from the Play Store and invested around Rs 15,000.

In accordance to the statement given to the police by the couple, after filling all the details in the app including their PAN CARD and the bank details, they invested Rs 15,000 in Bitcoin. Few days later they received mail about the profit of Rs 10,93,532 on their invested amount. In the mail it was mentioned that if they wanted to earn profit they first have to shell out Rs 67,000, Rs 1,65,000 for OCC (operation currency converter) charges and Rs 1,50,000 for tax.

According to the Police the couple made the payment, but, later their bank account was hacked where a fraudulent withdrawal of Rs 4,32,000 was made between October 8 and 15 October. The amount was transferred using different UPI numbers.

The couple thereafter approached the Malad police and case was registered under various sections of the IPC and IT Act.

Another Police Officer revealed that amid the investigation, it has come to light that in the past twelve days, more than
Rs 2 crore transaction has been done through that bank account. They have written to the bank and asked for details.

News Input K.V.Raman