Delhi Police Arrest 7 for Crypto Fraud
Delhi police arrest seven individuals for defrauding a man of ₹91 lakh ($111,000) in a crypto and stock trading scam, freezing ₹46 lakh in a suspicious account.
Seven individuals, including a contractual bank employee, have been apprehended by the Delhi police for allegedly defrauding a man of ₹91 lakh ($111,000) by pledging high returns in stock and cryptocurrency trading.
The suspects, who were identified as Ajay, Mohit, Shankar, Partyaksh Koshar, Manish Jawla, Shrayance Pandit, and Dinesh, established fictitious bank accounts and subsequently sold them to other fraudsters.
The victim was persuaded to join a messaging group for stock recommendations, according to Deputy Commissioner of Police Hemant Tiwari. Subsequently, the victim transferred ₹91 lakh across 19 accounts.
He informed the authorities of the fraud upon his realization. Police identified and frozen a suspicious account with ₹46 lakh during the investigation.
The fraudsters attempted to unfreeze it by sending a fabricated email impersonating an investigative officer.
The suspects were identified and apprehended as a result of technical analysis. The police have recovered ₹5.5 lakh thus far and are currently conducting additional investigations.
