Cyber crime Bhopal police have arrested a fraudster from Telangana who had cheated 875 people from across the country to the tune of 45 crores by trapping them to invest in digital currency United States Digital Tether (USDT).
The victims include many senior officers and businessmen of Indore, Bhopal. Master Mind Sachin Dahake is a resident of Amravati, Maharashtra.
Cybercrime DCP Amit Kumar said that an insurance worker from Shahjahanabad had complained that a few days ago he got added to the group of social media app Telegram. The message of investment came over the group promising 21 percent profit on investing in USDT.
Lured by the offer, the victim invested Rs 5.02 lakh in Comsys Infotech Company of the accused. The entire process of investment was done on Telegram app only.
It was found that the company was operating from Jammikunta district Karimnagar (Telangana) and tracked Sachin Dahake of Amravati, Maharashtra. He has a Diploma in Electronics & Communication and formed a shell company named Comsys Infotech in Telangana. Started cheating people by promising to invest in this company.
Police have recovered 2 laptops, 2 ATM cards, 2 mobile phones, 2 SIM cards, 1 stamp seal, 1 router have been seized from the accused.
According to the DCP, the accused used to work in 'chain marketing'. He had made a block chain on social media Telegram. Tether is a digital currency or blockchain based currency. It is linked to the US dollar. It was launched in the year 2014.
Accused Sachin Dahake used to invest money in a company named Comsys Infotech. He used to register people on the company's website www.ibefounder.com and www.comsys infotech.com. Later, the complainant was given the login ID and password of the portal www.globe2trade.com.
Later the greed was given to double the money in 10 months. People were lured to invest by showing good profits to other members and later they would invest a huge amount.