8 months ago

Scams Targeting Retirees in India

Scams Targeting Retirees in India
Mumbai Cyber Fraud: Chembur Digital Marketing Firm Owner Duped Of ₹1.26 Crore In Fake Forex, Crypto Trading Scam; Case Registered · freepressjournal.in

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.

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

  1. Lax Indian crypto rules let scammers thrive, probe finds 27 exchanges.

  2. Then, crypto money laundering targeted retired men.

  3. Posing as officials, scammers fleece two retirees of ₹1.26 crore.

  4. 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

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