Pune: Lured by high profits on bitcoin trading, man loses Rs 13 lakh to cyber criminals

A 38-year-old man working as a manager with a pharmaceutical company in Pune was cheated to the tune of Rs 13 lakh after he was lured by high returns on cryptocurrency trading and was made to download an alleged scamming application that kept showing that he was earning huge profits. Police are investigating if the man was cheated by an organised gang of cyber criminals.

According to a first information report (FIR) registered at Nigdi police station, the man, who works as a manager at a pharma company in Ranjangaon industrial area, said he received a message from a person named Venessa who identified herself as a bitcoin trading assistant.