
Bengaluru Police Unravel ₹854 Crore Cyber Fraud Scam, 6 Arrested.
In a recent breakthrough, Bengaluru Police have cracked down on a massive cyber fraud scheme worth ₹854 crore, resulting in the arrest of six individuals involved in duping thousands of innocent victims across India. This intricate web of deceit, operating under the guise of an investment scheme, has sent shockwaves throughout the country’s law enforcement and financial sectors.
The Deceptive Recruitment.
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Exploiting Financial Desperation
The Elusive Refunds
After victims completed their investments, attempting to withdraw their funds became a nightmare. The promised returns never materialized, and the money invested seemed to vanish into thin air. It became evident that the accused had no intention of refunding their ill-gotten gains.
Money Laundering Shenanigans
As the noose tightened around the fraudulent operation, it was revealed that the misappropriated funds, totaling ₹854 crore, were diverted into various online payment modes. These included crypto transactions on platforms like Binance, payment gateways, and even gaming apps.
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