Pune Man Loses ₹34 Lakh in Crypto Scam; Police Warn Against High-Return Lures

Pune
N
News18•29-12-2025, 08:36
Pune Man Loses ₹34 Lakh in Crypto Scam; Police Warn Against High-Return Lures
- •Digvijay Suresh Sutar from Hinjawadi, Pune, defrauded of ₹33.96 lakh in an online cryptocurrency investment scam.
- •Scammers promised 30-40% returns, initially paid small amounts to build trust before demanding larger sums.
- •Money was deposited into various bank accounts and digital wallets under pretexts like 'technical issues' and 'tax payments'.
- •The fraud occurred between October 18-30; Sutar filed a complaint on December 27 at Hinjawadi Police Station.
- •Hinjawadi Police are investigating, tracing suspects via bank transactions and IP addresses, and cautioning the public against such schemes.
Why It Matters: Beware of online investment scams promising unrealistic high returns; verify before investing.
✦
More like this
Loading more articles...





