Archive · 28 Sep 2025
Delhi Police Arrests Crypto Trading Fraud Accused
In Delhi, the police caught a man named Naresh Kumar who helped scammers steal money through fake crypto trading.
He let the scammers use his bank accounts, opening multiple ones to help them hide their money.
These scammers tricked people into investing in crypto and promising high returns.
When victims wanted to withdraw their money, the scammers would stall or demand more.
Naresh was paid to do this, and the police are now trying to find the other scammers and the stolen money.
Delhi Police arrested Naresh Kumar in connection with a crypto investment fraud.
Kumar acted as an account provider for a cyber fraud syndicate.
The syndicate defrauded a victim of approximately Rs 34 lakh.
Kumar opened and maintained 10 bank accounts for the syndicate.
The police are investigating further and tracing remaining funds.
- Who
- Naresh Kumar
- What
- Was arrested for facilitating a crypto trading fraud.
- When
- Reported on Sunday, arrest date unknown.
- Where
- Delhi, Haryana
- Why
- He provided bank accounts for a crypto fraud syndicate.
Victims
Fraudsters
Trust and Deception
Victims
Victims were lured with false promises of high returns and allowed small withdrawals initially.
Fraudsters
Fraudsters used deceit and threats when victims attempted to withdraw their money.
- Accused Name
- Naresh Kumar
- Fraud Type
- Crypto Trading
- Amount Defrauded
- Rs 34 lakh
- Bank Accounts Used
- 10 current accounts across various banks
- Charges
- Bharatiya Nyaya Sanhita (BNS)
- Account Provider Payment
- Rs 30,000 per month per account
