Bitcoin Fraud: Businessman Dupes Lakhs In Bhubaneswar
Bhubaneswar: In a fraud related to Bitcoin (virtual currency), two people were allegedly duped Rs 10 lakh by a Dhauli based businessman. The victims claimed that the businessman had taken money from them in August 2018 promising them double return though investment in Bitcoin.
Police said that the cryptocurrency works without a central repository or single administrator. The digital currency can also be exchanged for other currencies, products, and services in legal or black markets.
“He had lured me of double profit for which I had given him cash of Rs 7.55 lakh. He had also deposited money in my account for a few months. But later he did not deposit any money and did not receive my phone,” alleged Akshya Kumar Nayak, a resident of Sundarapada.
Nayak also alleged that the businessman had duped worth crores from others in similar fashion. “Few days ago we could manage to trace him near Pahala and demanded money. But he denied taking any money. We also took him to the nearest police outpost. Subsequently, I have lodged a complaint with Dhauli police station,” added Nayak.
Police said that they have started an investigation after receiving the complaint.