Pune Man Caught in Rs 12 Lakh Cryptocurrency Scam

The Delhi Police have apprehended a man from Pune, accused of cheating a Delhi-based woman of over Rs 12 lakh with promises of high returns on cryptocurrency investments. The suspect, identified as Rugved Ashwin Dengle, managed mule accounts to transfer the money for withdrawals or conversion to cryptocurrency.

The case emerged when the victim filed complaints in May, claiming Dengle posed as a financial advisor on social media. He convinced her to make 29 transactions across various bank accounts, promising high returns. However, she was denied access when attempting to access her supposed profits.

A detailed investigation led officers to a Pune account showing unusual activity, where Dengle was arrested. In possession were 14 ATM cards, 15 chequebooks, six bank passbooks, four smartphones, and Rs 3.45 lakh in cash. Dengle, a B.Sc graduate, divulged previous film investment losses and his collaboration with cybercriminals. Further investigation to identify accomplices continues.

(With inputs from agencies.)