2 weeks ago
Scam dupes Thane man of Rs 8.43 lakh; four booked
Some people promised a man in Ambernath, India, that he could make easy money.
They said he would earn 5 to 10 rupees for every 100 rupees he invested every month.
The money would come from trading foreign money and digital coins called cryptocurrency.
The man gave them his money because the promises sounded great.
The scammers made fake websites that looked like real investment trackers.
Those websites showed false profit numbers in US dollars, so the man thought he was earning a lot.
Encouraged by the fake profits, he sent more money, about 11.54 lakh rupees in total.
The scammers sent a little money back, about 3.11 lakh rupees, to make him believe it was real.
In the end, the man lost 8.43 lakh rupees and went to the police.
Now the police are investigating to catch the four scammers.
A Thane resident was duped of Rs 8.43 lakh in a fake foreign exchange and cryptocurrency investment scam.
Four individuals were booked after allegedly promising monthly returns of 5-10 percent on forex and crypto trading.
The complainant transferred Rs 11.54 lakh in total, guided by fabricated profit figures shown in USD on bogus websites.
To mask the fraud, the accused returned Rs 3.11 lakh as partial returns; the money was lost between December 2023 and July 2025.
Ambernath West Police registered an FIR on August 11 after a grievance was filed on the National Cyber Crime Reporting Portal.
- Who
- A Thane resident from the Ambernath area (the complainant) and four unidentified persons booked as accused.
- What
- The complainant was defrauded of Rs 8.43 lakh in a fake forex and cryptocurrency trading scheme.
- Where
- Thane (Ambernath West), Maharashtra, India.
- When
- The money was lost between December 2023 and July 2025; the FIR was registered on August 11.
- Why
- The accused promised lucrative monthly returns of 5-10 percent on forex and crypto trading and displayed fabricated profits to gain the victim's trust.
Key facts
- Amount lost
- Rs 8.43 lakh
- Total amount transferred
- Rs 11.54 lakh
- Amount returned to victim
- Rs 3.11 lakh
- Promised monthly returns
- 5-10 percent
- Fraud period
- December 2023 to July 2025
- FIR registration date
- August 11
- Complaint filed via
- National Cyber Crime Reporting Portal
- Police station
- Ambernath West Police






