The victim had given $19,000 to the accused for investment in bitcoin but never got it back.
Indian Couple Dupes Bitcoin Investor Promising Higher Returns: Report
The lack of knowledge among common investors about cryptocurrencies and how to safely invest in them is resulting in a growing number of frauds. In a recent example, the Crime Investigation Department of Ahmedabad Police in India’s Gujarat province registered a case where the victim was duped of Indian Rupees 22 lakh . lodged with the police, Harshad Patel was introduced by his friend and business partner Kamlesh Patel to a couple to help him invest in bitcoin in 2017.
The couple, Alpesh Suhagia and his wife Bharti Suhagia tried to convince Harshad to invest in BTC, saying its price had soared to Rs. 70,000 in 2017 from Rs. 10 in 2009. This prompted Harshad to give Rs 15 lakh to the Suhagia couple to invest in bitcoin on his behalf. Harshad was told that this bitcoin wallet will take some time to get ready. Meanwhile, the Suhagia couple introduced Harshad to Prashant Brahmbhatt, who convinced him to transfer his investments to a crypto investment plan called Senar Wallet.
After Harshad transferred the money to Senar Wallet, he received Rs 1.24 lakh as a return on his investments between July and August 2017. However, he didn’t get any more returns on his assets or the principal amount despite repeated requests, leading him to file a complaint with the police in March 2022.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Devs 'Demolish' Fake Satoshi: What Do We Know from Latest Court Order?England and Wales High Court ruled Mr. Wright's claims about alleged hack of his company's crypto simply can't be tried 'on the merits of the claim'
Read more »
2 men fire AK-47s and carjack couple at north Houston gas station, police reportThe couple were inside their Chevrolet Tahoe at a gas pump about 11:30 a.m. when two men,...
Read more »
Fraud Awareness Month: Tips and reminders from Regina policeAs part of its Fraud Awareness Month campaign, Regina police have provided a fraud prevention checklist.
Read more »
Fraud Awareness Month: Tips and reminders from Regina policeAs part of its Fraud Awareness Month campaign, Regina police have provided a fraud prevention checklist.
Read more »
Fashion, sustainability take center stage as Oscars traditions returnJust a couple of miles from Oscar's red carpet in west Hollywood, exclusive dinners like one pre-Oscar party and the inevitable post-Oscar soirees are signs the annual rituals are returning.
Read more »
Fashion, sustainability take center stage as Oscars traditions returnJust a couple of miles from Oscar's red carpet in west Hollywood, exclusive dinners like one pre-Oscar party and the inevitable post-Oscar soirees are signs the annual rituals are returning.
Read more »