Archive · 31 Jul 2025
Navi Mumbai Contractor Falls Victim to Cryptocurrency Scam
A man in Navi Mumbai was tricked into investing in fake cryptocurrency.
Some people called him and said he could make a lot of money.
He sent them over 52 lakh rupees over a few months.
But when he tried to get his money back, he couldn't.
The police are now investigating the people who scammed him and are warning others to be careful of these kinds of offers.
A Navi Mumbai contractor lost over Rs 52 lakh in a cryptocurrency investment scam.
Fraudsters contacted the victim via phone, promising high returns.
The victim transferred funds into multiple bank accounts over four months.
The victim was blocked from the website after attempting to withdraw the money.
Police have registered a case against four individuals.
- Who
- A 60-year-old contractor.
- What
- A contractor was defrauded of over Rs 52 lakh in a cryptocurrency scam.
- When
- Over a period of four months.
- Where
- Navi Mumbai
- Why
- Lured by promises of high returns on cryptocurrency investments.
Fraudsters' Actions
Victim's Perspective
Deception
Fraudsters' Actions
Used fake trading website to lure the victim.
Victim's Perspective
N/A
- Victim
- Contractor
- Location
- Navi Mumbai
- Amount Lost
- Rs 52 lakh
- Type of Fraud
- Cryptocurrency investment scam
- Duration of Fraud
- 4 months
- Suspects
- Four individuals
