Three former Indian soldiers reported being victims of a cryptocurrency scam, losing $96,000

2024-09-12 14:54:06

ChainCatcher news, three former soldiers in India reported to the Pune Chandannagar police, accusing eight officials of a trading company of defrauding them of over 7.981 million rupees (approximately 96,000 USD) through a cryptocurrency scam since 2022. The three invested their retirement savings into the project, lured by promises of doubling their returns in 20 months and a monthly return of 10%.

The company's directors and one involved former soldier had previously been arrested in a similar case and are currently held in Yerawada Jail. The police are awaiting court approval for further questioning. Earlier this year, the company held a cryptocurrency seminar in Maharashtra, attracting multiple investors.

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Topic or theme Cryptocurrency Fraud Case Record

This topic will track and collect various scams and fraud cases in the cryptocurrency field. We will regularly update the latest information on virtual asset investment fraud, fraudulent activities, and other criminal activities, revealing scam techniques and methods of evading detection, helping investors identify risks and protect their interests.