How did the Mumbai businessman get scammed on the dating app?

He was befriended by a woman on a dating app who then persuaded him to invest in a fraudulent scheme, leading to a loss of Rs 53.30 lakh.

What was the fraudulent scheme Priyanka Gupta used?

Priyanka Gupta, using the alias, lured the businessman into investing in a fake gold trading company named 'Market Axess Company'.

What actions did the businessman take after realizing he was duped?

After being unable to withdraw his investment and realizing he was defrauded, the businessman lodged a complaint with the Mumbai police.

Home / Crime and Justice / Dating App Scam: Businessman Loses Lakhs to Online Lover

Dating App Scam: Businessman Loses Lakhs to Online Lover

25 Dec

•

Summary

Businessman befriended woman on dating app, leading to marriage plans.
Victim invested Rs 53.30 lakh in a fraudulent gold trading scheme.
Woman lured businessman with promises of high investment returns.

Dating App Scam: Businessman Loses Lakhs to Online Lover

A city-based businessman, aged 52, has been allegedly defrauded of Rs 53.30 lakh by a woman who initiated contact through a dating app. The complainant, who operates in logistics and marketing, was approached by a user identifying as 'Priyanka Gupta' from Juhu. They began communicating, and the woman expressed a desire to marry a businessman.

She proposed investing in a gold trading firm, 'Market Axess Company', promising substantial returns. Over time, the businessman invested a total of Rs 53.30 lakh. While his account displayed a virtual balance of Rs 1.08 crore, he was asked to deposit an additional 30% to withdraw funds, which he could not arrange.

Upon realizing the investment was a scam and unable to recover his principal, the businessman filed a complaint with the police. A First Information Report has been registered against two unidentified individuals for cheating and offenses under the Information Technology Act, with an investigation currently in progress.