- The doctor used his wallet address to make several purchases of BTC, ETH, and USDT.
- He had invested INR 1.1 crore, but only INR 79 lakh of that was his own money.
A gynecologist working out of central Mumbai, Maharashtra in India lost INR 1.1 crore (approx. $1,31,872) to a Facebook imposter. A lady called Melissa Campbell, proclaiming to be a professional in crypto trading, communicated with the doctor on Facebook last year, promising him a significant return on his investment.
After a year of investing, the doctor discovered he had been scammed and went to the authorities. According to investigators, the victim had transmitted cryptocurrency to Campbell’s wallet address a total of 32 times. He had invested INR 1.1 crore, but only INR 79 lakh (approx. $94,708) of that was his own money; the rest had been borrowed from his buddy.
Investigation Underway
Fraudulent actions under the various sections of Indian law led to the filing of a First Information Report (FIR). The authorities are trying to learn more about the cryptocurrency wallet where the victim stored the stolen funds.
According to the doctor’s complaint, he followed Campbell’s directions and created a trading account on a cryptocurrency exchange, providing his personal information such as email id, driver’s license number, and mobile phone number. He used his wallet address to make several purchases of BTC, ETH, and USDT.
The doctor sent his crypto holdings into another wallet in an effort to maximize his profits. He attempted to cash out his funds but was informed that he would be subject to taxes and a redemption fee. Constantly, the con artists would make the doctor an unreasonable request.
Up until October 14th, this persisted. The physician understood he had been victimized by the ruthless deceit of con artists. He went to the police station and filed a report thereafter. The investigation is underway by authorities.
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