Mumbai Crime: Malad couple loses Rs 4.32L in Ponzi app scam

Representative image

In a recent Ponzi scam case, a Malad couple was duped of Rs 4.32 lakh after investing in Bitcoin through the link on one of their acquaintances profile on Instagram.

According to police sources, following the instructions given on the link, the complainant downloaded two apps (OKX and Binance) from the Play Store and invested around Rs 15,000.

As per the statement given to the police by the couple, after filling all the details in the app including their PAN CARD and the bank details, they invested Rs 15,000 in Bitcoin. A few days later they received mail about the profit of Rs 10,93,532 on their invested amount. In the mail it was mentioned that if they wanted to get the profit earned, they first have to pay Rs 67,000, Rs 1,65,000 for OCC (operation currency converter) charges and Rs 1,50,000 for tax.

Also read: Mumbai: Ponzi crypto app collects crores and vanishes overnight

"The couple paid the money, but later their bank account was hacked where a fraudulent withdrawal of Rs 4,32,000 was made between October 8 and 15 October. The amount was transferred using different UPI numbers", said a police officer.

"The couple approached the Malad police and we registered the case under various sections of the IPC and IT Act," the officer added.

During the investigation, it has been revealed that in the past twelve days, more than Rs 2 crore transaction has been done through that bank account. We have written to the bank and asked for details," said another officer.