5 Accused In ₹21.75 Lakh Crypto Fraud In Pune's Saswad

A woman from Satara district has been allegedly cheated of ₹21.75 lakh in a cryptocurrency investment scam. The Saswad Police have registered a case against five accused, including two residents of Saswad and one from Mumbai.

The complainant, Harshada Amol Murhe, claimed that the accused persuaded her and her family to invest in a pre-launch cryptocurrency scheme called Trillionaire Company's TLC 2.0. The accused promised a 40 per cent bonus in coins, a monthly return of four to five per cent, and profits ranging from double to five times the investment.

According to the police, the accused gained the family's confidence and collected the money through RTGS and online transfers into the bank accounts of two of the accused. Initially, they returned a small portion of the investment to build trust, but later failed to repay either the principal amount or the promised returns.

When approached for repayment, the accused cited a decline in the crypto market and refused to return the money. The complainant has also alleged that the accused used similar promises to lure other investors into the scheme.

A case has been registered against Shubham Prakash Jagtap, Santosh Katke, Sanket Inamke, Anita Prakash Jagtap, and Kalika Dnyaneshwar Shinde under charges of cheating and criminal breach of trust.

The incident highlights the risks associated with investing in cryptocurrency schemes, especially those that promise unusually high returns. It is essential for investors to be cautious and do their research before investing in any scheme.

The police are investigating the matter and are likely to arrest the accused soon. The incident has also raised concerns about the safety of investors in the cryptocurrency market.

In recent times, there have been several cases of cryptocurrency scams in India, with many investors losing large sums of money. The government has also issued warnings about the risks associated with investing in cryptocurrencies.

The case is a reminder for investors to be vigilant and to report any suspicious activities to the authorities. It is also essential for the authorities to take strict action against those involved in such scams to protect the interests of investors.

The incident has caused financial loss to the complainant and her family, and it is hoped that the authorities will take swift action to bring the accused to justice.

In conclusion, the case of the ₹21.75 lakh crypto fraud in Pune's Saswad is a reminder of the risks associated with investing in cryptocurrency schemes. It is essential for investors to be cautious and to do their research before investing in any scheme, and for the authorities to take strict action against those involved in such scams.