3 weeks ago
65-Year-Old Nagpur Businessman Duped of ₹26 Lakh in Crypto Scam
A 65-year-old man from a city called Nagpur was tricked by bad people who wanted his money.
He was on a train ride when a man pretended to be his old school friend.
This man told him about a way to make money with cryptocurrency.
He promised that the man's money would become twice as much.
The man believed him and sent more than 26 lakh rupees, which is a very large amount of money.
Later, the tricksters asked him for even more money.
That is when the man realized it was a trick.
He went to the police in Mumbai to tell them what happened.
The police have now registered a case and are trying to find the people who did this.
It is important to remember that no one should ever promise to double your money, because that is usually a trick.
A 65-year-old businessman from Nagpur was duped of more than ₹26 lakh in a cryptocurrency investment scam.
The fraud began with a man posing as a childhood school friend during a train journey from Hyderabad to Nagpur.
The suspect sent a registration web link and an associate guaranteed to double the victim's investment.
The victim transferred the money in several transactions through UPI IDs and bank accounts before realizing he had been defrauded.
Mumbai Cyber Police registered the case; only two of this year's 12 cryptocurrency fraud cases in the city have been detected.
- Who
- A 65-year-old businessman from Nagpur, India.
- What
- He was defrauded of more than ₹26 lakh in a cryptocurrency investment scam.
- Where
- The case was registered with Mumbai Cyber Police; the scam began on a train journey from Hyderabad to Nagpur.
- When
- The case was registered earlier this month; the article is dated August 7, 2026.
- Why
- The victim trusted a man posing as a childhood school friend who recommended a cryptocurrency scheme promising to double his investment.
Key facts
- Victim
- 65-year-old businessman from Nagpur
- Amount Lost
- More than ₹26 lakh
- Fraud Type
- Cryptocurrency investment scam
- Case Registered With
- Mumbai Cyber Police
- Legal Sections
- BNS Sections 318, 319, 336, 338; IT Act Sections 66C and 66D
- Initial Contact
- Train journey from Hyderabad to Nagpur
- Crypto Fraud Cases This Year
- 12 registered, 2 detected











