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Cyber Police in India Have Apprehended Two People For Crypto Fraud
The DCP wrote: “#NorthEastCEN has arrested two persons for cheating by collecting money offering high returns in crypto trading.”
Kabir V.
7:40 29th Mar, 2022
Frauds

Two individuals were recently arrested by the Bengaluru Cyber Police regarding a crypto fraud in which they roped in people by promising high returns.  

Anoop A Shetty, DCP, NorthEast Division, Bengaluru City tweeted that two people have been arrested and urged people to check before investing.

The duo apparently used a modus operandi where they used Instagram profiles to try and rope in folks to invest money. Their Instagram stories promised a four-fold increase of the invested money. They asked people to donate ₹3000 and promised ₹12,000 in return.

The DCP wrote: “#NorthEastCEN has arrested two persons for cheating by collecting money offering high returns in crypto trading.”

Credits : Anoop A Shetty
Credits : Anoop A Shetty

He also added: “Beware of websites & social media accounts offering high returns on investment. Verify before investing.”

It’s important to keep an eye out for conmen promising high returns by investing in crypto.

Source



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