Archive · 31 Jul 2025
Man Duped of Rs 5 Lakh in Fake Gold Coin Scam
A man was tricked into buying fake gold coins.
A person named Suresh contacted Ranganath, claiming to have old gold coins.
Suresh gave him one real gold coin to gain trust.
Ranganath agreed to buy more coins for Rs 5 lakh, but they turned out to be fake.
Ranganath reported the fraud to the police, who are now looking for Suresh.
A man from Tumakuru was defrauded of Rs 5 lakh in a fake gold coin scam.
The victim, Ranganath, was contacted by Suresh from Hubballi, who claimed to have antique gold coins.
Suresh provided one genuine gold coin initially to gain trust.
Ranganath agreed to purchase 250 grams of coins for Rs 5 lakh.
The coins were discovered to be fake, and a police complaint was filed.
- Who
- Ranganath was the victim, and Suresh from Hubballi is the alleged fraudster.
- What
- A man was defrauded of Rs 5 lakh in a fake gold coin scam.
- When
- About a week ago when Suresh contacted Ranganath.
- Where
- Davangere, near Kurki village.
- Why
- Suresh allegedly defrauded Ranganath to obtain Rs 5 lakh through the sale of fake gold coins.
- Victim
- Ranganath
- Location of Crime
- Davangere
- Suspect
- Suresh
- Amount Swindled
- Rs 5 lakh
- Type of Scam
- Fake Gold Coin
- Status
- Suspect absconding