Mumbai man arrested for duping people with fake cryptocurrency scheme

A man has been arrested for allegedly duping people under the pretext of doubling their money in a cryptocurrency scheme, said Mumbai Police.

The accused was identified as 21-year-old Hamza Anwar, a resident of Mumbai, who allegedly lured the complainant into paying Rs 75,000 online by promising him to double his money in the coming 30-35 days, said the officials.

Hamza took place from social media influencers 

According to the investigation, Hamza, the accused, was allegedly using social media influencers to attract his potential investors. He was arrested from Kolkata with the help of technical evidence.

Further, the Mumbai police also recovered a mobile phone and a SIM card used in the crime.

How he executed his fraud plan?

In Hamza’s planning, around three social media influencers were roped for promoting him for payments are also under the scanner, the officials said.

A case has been registered against the accused under relevant sections of the IPC (Indian Penal Code) including 420 (cheating) and the Information Technology Act, the official added.