Man loses Rs 63L in cryptocurrency scam

Mangaluru: A man allegedly lost Rs 63 lakh in an online cryptocurrency investment scam. In his complaint, the victim stated that he was approached in Jan 2025 by an unknown person identifying himself as Reyasen on Facebook, who claimed to be a cryptocurrency trader. Reyasen introduced Peter Paul as his mentor, and urged the complainant to join a platform called BITFINEW.COM Investment Trading, promising high returns with a 30% commission on profits.

Following initial contact, the duo communicated further via WhatsApp, explaining that daily investments would yield significant profits. Believing the claims, the complainant began investing between Feb 2 and 23, transferring money both through bank transactions and cash via money exchange services. Over this period, he allegedly transferred a total of Rs 63 lakh to various bank accounts shared by the accused.

However, when he later attempted to withdraw his investments, the platform offered multiple excuses and delays. Realising he was cheated, the complainant consulted his friends and approached the police. A case was registered at the CEN police station.

Rs 32L lost in online part-time job scam

A man allegedly lost Rs 32 lakh in an online part-time job scam. According to the complaint, on Feb 26, the victim received a message via Telegram from a woman identifying herself as Manvi, who introduced a part-time business opportunity.

She claimed that by joining, the complainant could earn money by completing simple tasks, such as giving hotel ratings. To begin, an initial payment of Rs 10,000 was required. On March 10, the complainant transferred Rs 10,000 to an account held by Ashok Dattarwal and received Rs 17,000 in return for completing a task. Encouraged by this, he made another Rs 10,000 investment the next day and received a similar return.

Between March 11 and April 2, the complainant made phased payments totalling Rs 32 lakh to the accounts of individuals identified as Kishan Kumar, Ratheesh K, Prahlad Ahyavar, Shahjahan Ali, Piyush Santosh Rao, Yash Vaidyanath Kasare, Rameshwar Lal, and Ananthu Krishna.

When no further returns came and communication ceased, the complainant realised he was defrauded. A case was registered at the Ullal police station.