Cryptocurrency Fraud: Goa Man Defrauds Kolkata Woman Of Rs 10 Lakhs In WFH Scam, Arrested

The cyber cell brought the accused to Kolkata on transit remand after he allegedly tricked a woman from Kasba with promises of greater gains through time-bound investments.
WFH Scam

He has been arrested from Goa. | Representational Image

Photo : Times Now
Kolkata: With a rising case of cryptocurrency Work From Home scams through the Telegram app, the fraud mastermind has been arrested by the Kolkata detective department from Goa on Tuesday. He allegedly defrauded a woman from Kolkata of Rs 10 lakhs.
The accused has been identified as Milind Gurudas Chari, who is a resident of Dhatwara in South Goa. The cyber cell brought the accused to Kolkata on transit remand after he allegedly tricked a woman from Kasba with promises of greater gains through time-bound investments.
Joint CP (crime) Syed Waquar Raza stated, "Most of the Rs 9.4 lakh defrauded from the woman reached this man’s accounts." The victim, determined to recover her money, continued to invest until the amount reached Rs 10 lakh.
The Kolkata Police (KP) cautioned the public about such scams, stressing the importance of recognizing and avoiding deceptive schemes. In a statement on its Facebook page, the KP reiterated the need for vigilance, stating, "When it comes to cybercrime, as we keep saying, prevention is better than cure."
A similar incident took place in Delhi, where a retired General Manager from a public sector oil and gas company was defrauded of Rs 17 lakh by cyber fraudsters. The fraudsters promised to help him earn a good profit in online share trading. They sent a link containing a fake share trading app and instructed the victim to buy shares from the app and make payments to a bank account provided by them, according to a TOI report.
After investing Rs 17 lakh, the victim saw a profit of Rs 11 lakh in a virtual wallet. However, when he requested to withdraw his money, he was unable to do so, prompting him to file a complaint with the police.
In their investigation, the police arrested a 20-year-old New Delhi resident, Pawankumar Shankar Shah, who had opened a current account in the name of a fake company called 'Wonder Bag'. Shah allowed the fraudsters to use his account to receive money from the victim and was promised a commission of Rs 5,000 per day for his involvement.
The victim stated that he lost the money between February 1 and February 12 this year. He explained that he came across an advertisement about online share trading on Facebook and clicked on the link, which added him to a WhatsApp group discussing share trading. In the group, a member sent him a motivational video and some training videos on share trading.
The fraudsters collected the victim's Aadhar card, PAN, and bank details for KYC purposes. They then provided him with a login ID and password for an app where he could see a virtual wallet. He bought shares from the app and sent money to the account provided by the fraudsters. When he asked for his investment and profit back, the fraudsters asked him to pay Rs two lakh as tax and fees. Despite paying the amount, he did not receive his money back.
The victim approached the West Region cyber crime police and lodged an FIR on March 14. The investigation is being supervised by Jt CP Lakhmi Gautam and DCP Datta Nalawade, and conducted by senior PI Datta Chavan, sub-inspectors Deepak Tayde, Rahul Khetre, and staff Deepak Padalkar and Ashok Rade.
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