In recent news, the police in Raipur, Chhattisgarh, have arrested two individuals who were engaged in large-scale fraud related to cryptocurrency. The police have uncovered a scheme in which these individuals were promising people to triple their money in 300 days, using the name of crypto currency as a lure. This case is a stark reminder of the dangers that exist in the world of cryptocurrency and the importance of due diligence when investing in digital assets.
The case came to light when a local resident, Santosh Kumar Sahu, filed a complaint at the Arang police station. According to the complaint, Sahu was informed about the benefits of a crypto currency called Unity Byte by his acquaintances. This was followed by a seminar conducted by the company, in which the manager promised to triple the money in 300 days. Seduced by this promise, Sahu transferred a total of Rs 14 lakh to the company’s bank accounts. However, upon inquiring about the investment, the company provided roundabout answers, leading Sahu to file a complaint with the police.
Following the complaint, the Raipur police launched an investigation and gathered information about the bank accounts where Sahu’s money was transferred. They also traced the mobile numbers of the company’s management and agents and conducted a technical analysis to find the location of the accused. This led the police to Prakash Reddy and S Bhupathi, who were arrested from Karnataka and Tamil Nadu, respectively.
During interrogations, the accused revealed that they had been cheating people across the country in the name of Unity Byte by promising to triple their money in 300 days. They have cheated crores of rupees from unsuspecting victims, luring them with false promises. The police are still searching for other individuals involved in the scheme and expect to arrest them soon.
The Raipur SSP, Prashant Aggarwal, emphasized the importance of being cautious when investing in digital assets and urged the public to do their due diligence before putting their hard-earned money into any investment. He also stressed the need for better awareness about the dangers of crypto currency fraud, so that people can avoid falling victim to such schemes.
