Mumbai: A 36-year-old Malabar Hill resident has been duped of 1.57 crore in fraudulent cryptocurrency investment. The accused used a fake website to trap him in the investment scheme. Malabar Hill police have registered a case.
In October 2021, the complainant, a resident of Nepean Sea Road, Malabar Hill befriended the accused over the internet. After a few days, the accused started messaging him about crypto mining.
“The accused informed the complainant that he can make huge money by investing in machinery for mining of cryptocurrency through the website ‘USD Miner.’”
The accused also informed him about multiple schemes to avail the profit. The complainant liked the scheme and decided to invest money. Since October 2021 the complainant invested 2.83 lakh Australian dollars (equivalent to 1.53 crore),” said a police officer.
The complainant kept on investing more and more money on the instructions of the accused person as he was seeing profit being credited to his virtual wallet....
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