The scam started in March when the engineer received a WhatsApp link from the scammers, offering bitcoin investment opportunities
The engineer decided to invest Rs 10,000 after being assured of good returns.
However, he was later informed that he had lost this amount.
In today’s world, scams are becoming more sophisticated, and many people fall victim to them without even realising it until it’s too late. One such case recently came to light in Rourkela, where a 38-year-old junior engineer working with the state government lost Rs 51 lakh in a cryptocurrency investment scam. The victim, a native of Ganjam district, is currently posted in the Bonai area of Sundargarh district. The fraudsters, operating under the name “GBE Transaction Group 603,” lured the engineer into the scam by promising huge returns from bitcoin investments.
The scam started in March when the engineer received a WhatsApp link from the scammers, offering bitcoin investment opportunities. The engineer decided to invest Rs 10,000 after being assured of good returns. However, he was later informed that he had lost this amount. The fraudsters then persuaded him to invest more money, promising higher returns, reports TOI.
Also read: How a job-related email cost Delhi man Rs 11 lakh
Between March and July, the engineer transferred a total of Rs 51 lakh through four different bank accounts, convinced that he would eventually make a profit. But the fraud was exposed in August when the scammers, instead of delivering on their promises, demanded even more money. Realising that something was wrong, the engineer finally came forward and reported the incident.
“We have registered a case under sections 419, 420 of IPC and section 66D of IT Act,” said Padmavati Mirdha, IIC, Cyber Police Station, Rourkela. “We have written to various banks where the victim has accounts to trace the money trail and identify the fraudsters,” she added. The engineer, who initially hesitated to report the crime due to embarrassment, eventually filed an FIR on November 4 at the Cyber Police Station in Rourkela.
Also read: Engineer loses Rs 98,000 after receiving fake UPI registration text: Tips to stay safe
How to protect yourself from such scams
- Be cautious of unsolicited investment offers: Never trust links sent via messaging platforms like WhatsApp or email from unknown sources.
- Verify before investing: Always research the platform or person offering investment opportunities to ensure legitimacy.
- Avoid sharing personal or financial details: Do not share bank account information or personal details with unknown parties online.
- Consult experts: If you’re unsure about an investment, seek advice from a financial advisor.
- Report suspicious activities: If you suspect a scam, report it immediately to the authorities to prevent further losses.
Follow Us
Ayushi Jain
Tech news writer by day, BGMI player by night. Combining my passion for tech and gaming to bring you the latest in both worlds. View Full Profile
