8 months ago
Scams Targeting Retirees in India
Two retired men in India were tricked out of large sums of money by scammers.
The first victim, a retired government officer from Pune, was told his Aadhaar and bank account were linked to money laundering.
He was threatened with arrest and ended up transferring Rs 1.07 crore to the scammers.
Later, another scammer pretending to be a police officer helped him report the crime.
The second victim, a 74-year-old retired engineer, was called by someone pretending to be from the telecom department.
They then connected him to a fake CBI officer who accused him of money laundering.
The engineer transferred Rs 19 lakh to the scammers.
Police are warning people about these scams and advising them to report any suspicious calls.
A retired government officer from Pune lost Rs 1.07 crore in a digital arrest scam.
The scammers impersonated police and government officials, threatening arrest if money was not transferred.
Another scammer, posing as a Mumbai police officer, directed the victim to file a complaint with the cyber police.
In a separate incident, a 74-year-old retired engineer from Warje Malwadi lost Rs 19 lakh in a similar scam.
The engineer was tricked by a fake CBI officer who showed forged documents to convince him of money laundering charges.
- Who
- Retired government officer from Pune and a 74-year-old retired engineer from Warje Malwadi
- What
- Scams involving impersonation of police and government officials
- Where
- Pune, India
- When
- October 2024 and January 2024
- Why
- To extort money under the threat of arrest or legal action
Key facts
- Victim 1
- Retired government officer from Pune
- Scam Amount 1
- Rs 1.07 crore
- Scam Type 1
- Digital arrest scam
- Scam Duration 1
- October 2024
- Victim 2
- 74-year-old retired engineer from Warje Malwadi
- Scam Amount 2
- Rs 19 lakh
- Scam Type 2
- Impersonation scam
- Scam Duration 2
- January 2024
Timeline
Lax Indian crypto rules let scammers thrive, probe finds 27 exchanges.
Then, crypto money laundering targeted retired men.
Posing as officials, scammers fleece two retirees of ₹1.26 crore.
Threatened with arrest, victims transferred funds to con artists.
Quotes
Police Inspector (Crime) Rushikesh Ghadge
Police Inspector (Crime) at Hinjawadi Police Station
“The victim’s trust was gained as he was shown profits on his invested money. However, when he demanded his money back, the accused showed their true selves and stopped contact. Realising he was duped, he came to the police station on Saturday, and a case was registered at night.”
freepressjournal.in
Sources
Mumbai Cyber Fraud: Chembur Digital Marketing Firm Owner Duped Of ₹1.26 Crore In Fake Forex, Crypto Trading Scam; Case Registered
Pune: Hinjawadi Man Loses ₹33.96 Lakh In Crypto Scam Promising 40% Returns; Case Registered With Pimpri-Chinchwad Police
ED Exposes 26 Fake Crypto Platforms: Flags Fake Websites And Cross-Border Money Trail
WhatsApp stock investment scam loots Rs 16 lakhs from Gujarat man: Here’s what happened
Fake PNB Mobile App Scam Targets Senior Citizen In Mumbai, Cyber Fraudsters Dupe 81-Year-Old Of ₹7.62 Lakh

