Delhi Man Cheated Of Rs 4.29 Lakh In Fake Crypto Investment Scam, 6 Arrested

A six-member interstate cyber fraud syndicate allegedly involved in a task-based scam and fake cryptocurrency investment fraud has been busted with the arrest of its members from Rajasthan and Madhya Pradesh, Delhi Police said on Tuesday.The accused allegedly cheated a Delhi resident of Rs 4.29 lakh by luring him with fake online promotional tasks, promising high commissions and attractive returns through a bogus cryptocurrency trading platform, they said.According to the police, the victim was initially added to a group by fraudsters posing as representatives of a digital marketing company. After paying small commissions to gain his confidence, the accused shifted him to a another group where he was persuaded to invest larger amounts in promotional tasks and a fake cryptocurrency trading platform."The fraudsters displayed fictitious profits and repeatedly induced the complainant to transfer money through multiple UPI IDs and bank accounts.