An investigation has been launched by the Delhi Police into a group of individuals who claim to have duped people for Rs.500 crore (approx. $60 million) by claiming to offer 200% returns on their investments.
There was a lavish event organized by the accused for their investors at Goa, in which they promised exorbitant returns, as well as holidays in Dubai. They also claimed to be managing a cooperative society bank in Maharashtra, which was found to be a lie.
During an investigation by the police, one of the victims told the police that he had been duped of Rs 1.4 crore. He was promised up to 200% returns within a year as well as an assurance of 5% to 20% monthly returns along with other various benefits and awards.
He further said, “We were told that the cryptocurrency had been launched in several countries. The accused had two websites to check the status of our investments, convert it into Bitcoins or withdraw it online. Whenever we tried to withdraw money, the website showed an error.”
Upon further investigation, it was found that the accused had misled their investors by providing them with false information and fabricated documents. This revelation showed that the accused were running a fraudulent scheme in order to swindle innocent investors out of their hard-earned money.
This incident serves as a stark reminder of how careful one needs to be while investing their money, as there are always people out there looking to take advantage of those who are not well-informed. It is important to research any and all opportunities thoroughly before investing, as one can never be too sure of what could potentially be hidden behind seemingly lucrative offers
