A police station in Ramanathapuram, India, received a call reporting that Suresh, a police officer in Elod district, said he had been cheated of Rs 4.972 lakh (about 460,686 yuan); A teacher friend of his, S Arulraj, was also defrauded of Rs 750,000 (about 69,492 yuan) in the same way.

Both victims said they were drawn into the scam because of an investment call.

At the time, they did have extra money to invest, so they poured it into the trading app that the salesman asked them to download. At first, they all made a good profit from their investment. In order to make more money, at the warm invitation of the platform, they each spent 15,000 rupees to participate in the trading training provided by the platform; Then they put more money in.

Until recently, they suddenly saw that their trading accounts had been empty, the money has disappeared, only to realize that this is a step-by-step scam.

Police in the Lamernath Tebrum area conducted a thorough investigation based on the information provided by the victim. In the end, the suspects were identified as two young high achiever students - engineering student Praveen Kumar and computer science graduate student Vishwanathan.

Two suspects have been arrested by the Lamernatebrum Regional police recently. Rs 970,000 in cash, 25 debit and credit cards, nine laptops, seven mobile phones and several hard drives were seized from and from within his fraud ring.

After questioning, it was found that these two high-IQ fraudsters were actually two repeat offenders, who have started their fraud career since 2016, and have established a perfect fraud system:

They assembled a team of about 10 people to make calls to "hook up" investments; Set up a fake trading platform for the purpose of hacking money from "client" accounts; In addition, they used fake information to open bank accounts in India and many other countries to store their ill-gotten gains. In order to avoid tax investigation when withdrawing money, they even converted the stolen money into cryptocurrencies for exchange.

According to the two, they can get 10 million rupees to 15 million rupees (about 920,000 to 1.38 million yuan) a month from this fraud "income", the total amount involved has reached tens of millions of rupees. They used the proceeds of fraud to live a luxurious life.

(Related background: According to the Economic survey data of the International Monetary Fund, India's GDP per capita in the 2018/2019 fiscal year was US $2,038, equivalent to 14,376 yuan. The network data shows that in India, the social status of the police is not high, and the income is low. Police officers in Bangalore, India's third largest city, earn only 8-9,000 rupees a month, or less than 831 yuan. Police officers in Delhi, the capital, earn less than 20,000 yuan, or 1,848 yuan.)

At present, the Indian police are calling for more victims of the case to Sue the fraud gang.

Xiaobian reminder: With the development of the communication industry, the fraud tricks of criminals are also advancing with The Times and are ubiquitous. And highly educated criminals, because of their solid professional knowledge, whether it is to build a platform, or fraud, are more able to fake the real, so the police who deal with bad people all day long have their way.

Traders please note: when receiving attractive investment calls or information, you must not listen to the other side of the urge to invest money to hold a position, the first multi-party inspection of the other side's real identity and strength, to ensure the safety of funds, is the basis for investment profit.