Mumbai, Jan. 12 -- A series of online investment and impersonation frauds have been reported from Navi Mumbai and neighbouring areas, resulting in losses running into several crores, with police registering multiple cases against unidentified accused under provisions of the Bharatiya Nyaya Sanhita and the Information Technology Act, an official said on Monday.
In one major case, a 56-year-old loan consultant from Navi Mumbai was allegedly cheated of 72.7 lakh after being lured into a fraudulent cryptocurrency investment scheme.
The victim, a resident of Belapur, was approached by unknown persons who promised high returns on investments in USDT, a cryptocurrency. After gaining his confidence, the accused persuaded him to transfer large sum...