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Thane engineer falls prey to crypto investment con, loses Rs 14 lakh | Thane News

Thane engineer falls prey to crypto investment con, loses Rs 14 lakh | Thane News
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KALYAN: An engineer from Dombivli lost nearly Rs 14 lakh to cyber fraudsters who convinced him to invest in cryptocurrency.
In his police complaint, Shanil Shrinath (31), who works in a private company, said he recently joined a Telegram group which claimed to be into crypto investments. A few days later, a woman, who identified herself as Geeta, contacted him and convinced him to invest in cryptocurrency promising high returns.
The complainant told the police that Geeta introduced him to other ‘investors’ in the group and he then transferred money to them. Initially, Shrinath got good returns on his investment. Buoyed by the profits, he invested more money. But later when Shrinath told the accused that he wanted to withdraw his investments, which had by then totalled to Rs 13.9 lakh, they stopped responding to his messages. Realising that he had been duped, Shrinath approached Vishnu Nagar police.
Police have booked Geeta and the unidentified accused for cheating under the Indian Penal Code and under the Information Technology Act. Inspector R N Khilare said: “We are going through the details of the bank account into which money was transferred to trace the accused.”





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