Archive · 6 Jun 2025
Man Arrested in Cryptocurrency Investment Scam, Duping Woman of ₹1.03 Crore
A man named Zubair Khan has been caught for scamming a woman out of a lot of money.
He promised the woman that she could make money by investing in cryptocurrency.
He tricked her using a fake Facebook post, claiming high returns.
He even sent her fake profit details and a small amount of money to gain her trust.
Eventually, she invested a total of ₹1.03 crore, which she lost.
The police tracked him down and arrested him in Mumbra.
Zubair Shamshad Khan was arrested for allegedly defrauding a woman in a cryptocurrency investment scam.
The woman, a homemaker from Kharghar, lost ₹1.03 crore in the scheme.
Khan lured the victim through a Facebook post promising high returns on cryptocurrency investments.
The accused, operating from Dubai, initially gained her trust by sending profit details and transferring a small amount.
The arrest occurred in Mumbra, Thane, after the Panvel Cyber Cell team tracked his location.
- Who
- Zubair Shamshad Khan, the fraudster
- What
- The arrest of Zubair Shamshad Khan for duping a woman of ₹1.03 crore through a cryptocurrency investment scam.
- When
- Arrested on Wednesday; The scam began in 2020
- Where
- Mumbra, Thane (arrest location), with the crime originating in Kharghar
- Why
- Khan created a fraudulent scheme by luring the woman to invest in crypto currency by promising high returns.
- Accused
- Zubair Shamshad Khan
- Amount Cheated
- ₹1.03 crore
- Victim's Location
- Kharghar
- Arrest Location
- Mumbra, Thane
- Scheme Began
- 2020
