Cryptocurrency Fraud of Rs. 100 Crore

- Accused Arrested While Fleeing Abroad

By Ravi
On
Cryptocurrency Fraud of Rs. 100 Crore

Police have arrested an accused who was attempting to flee abroad after allegedly defrauding investors of Rs. 100 crore in a cryptocurrency scam.

Ramesh Goud, who operated in the joint districts of Karimnagar, Medak, and Warangal, is accused of running an illegal business under the guise of cryptocurrency investment.

Goud created a fraudulent website in the name of GDR, where he convinced people that investing in cryptocurrency would yield high profits. To further lure investors, he formed WhatsApp groups and promoted the idea that they would win lucrative vacations to destinations such as Singapore, Goa, and Dubai. This deceptive campaign led many hopeful investors to deposit substantial sums of money into what they believed was a legitimate investment scheme.

After accumulating around Rs. 100 crore, Goud attempted to escape the country. However, acting on complaints lodged by defrauded victims with the DJP office, the police successfully apprehended him while he was en route overseas. The investigation is ongoing, and authorities are urging anyone with further information about the scam to come forward.

The victims have demanded that Goud be compelled to return their money, and the case continues to unfold as law enforcement seeks to bring justice to those affected by the fraudulent scheme.

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