1 week Ago
NEW DELHI : A 72-year-old man from East Delhi’s IP Extension was scammed out of Rs 40 lakh by fraudsters who promised high investment returns. The victim came across an advertisement on social media promoting stock market investments and contacted the phone number provided. The person who answered the call convinced him to open an account on a fake website, supposedly for cryptocurrency trading, and lured him into depositing money.
The scammers later showed him a fake profit of Rs 2.5 crore. However, when he tried to withdraw the amount, he was asked to pay additional money as withdrawal charges.
He ended up paying Rs 40 lakh before realising it was a scam. According to the victim’s statement, the fraud began in April after he responded to the social media advertisement, which included a contact number for more details. Upon calling, he was introduced to a man who referred him to a woman for further assistance.
She guided him to register on a cryptocurrency trading website. Initially, the elderly man invested small amounts and received returns, which built his confidence. Encouraged, he began investing larger sums, eventually transferring around Rs30 lakh into various bank accounts across three different banks.
Trouble started when he attempted to withdraw his so-called profits. The company’s accounts manager informed him that he would need to pay 10% tax before the withdrawal could be processed. When he was asked to transfer this amount, he grew suspicious and realised he had been duped.
The victim subsequently filed a complaint with the cyber police. A case was registered last month in March..
