In a startling case of digital deception, six individuals from Odisha’s Bolangir district have been arrested for swindling an LIC officer out of ₹78 lakh by promising him handsome returns through a fake stock trading platform.
This elaborate cyber scam was operated under the name Spreadex Global Ltd, a sham company heavily promoted on Telegram by a profile falsely using the identity of someone named Priya Bajaj. The scammers cleverly orchestrated multiple fund transfers between February and April this year, luring the officer with visions of quick profits through the stock market and cryptocurrency investments.
The law enforcement agency in Bhubaneswar cracked the case following a meticulous investigation involving deep technical surveillance, tracking digital transactions, and analysing ATM camera footage. These efforts eventually led to the arrest of the culprits and the unraveling of an intricate network of cyber fraudsters.
It was discovered that the gang had been operating a wider web of deceit using fake social media profiles to trap innocent individuals into putting money into bogus crypto ventures, particularly involving Tether (USDT), a popular digital currency.
Police officials have issued a public advisory, urging everyone to remain vigilant and avoid falling prey to such online investment promises. They stressed the importance of reporting suspicious online behaviour and refraining from sharing financial details with unverified platforms or individuals.
Authorities have reiterated that while digital investments may look tempting, especially on social media platforms, they are often traps laid by predators looking to exploit trust and naivety for financial gain.
Let this serve as a reminder that in the age of screens and speed, a moment’s caution can save a fortune.
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