How the Hyderabad Techie Fell Into the Fraud Trap and Committed Unimaginable

🟢 Phase 1: Initial Contact

• The victim, a Hyderabad-based IT professional, was contacted online through a social/matrimony platform

• Conversations started casually and continued regularly, building personal trust. This is how it starts.

🟡 Phase 2: Introduction to “Investment”

• The fraudster introduced Bitcoin/crypto trading as a side opportunity

• Screenshots and dashboards showed fake profits to create confidence

• Initial investments were small and affordable

🟠 Phase 3: Escalation of Investment

• Encouraged by apparent and fake gains, the victim began investing larger amounts.

• Funds were transferred multiple times over weeks

• The scammer kept promising higher returns and quick withdrawals

🔴 Phase 4: Use of Credit Cards & Borrowed Money

• As pressure increased, the victim reportedly:

– Used multiple credit cards

– Borrowed from friends and relatives

– Took short-term loans to “unlock profits”

• Fraudsters demanded extra payments claiming taxes, platform fees, and account verification

⚫ Phase 5: Realization & Financial Collapse

• Withdrawal requests were blocked despite repeated payments

• Total loss reached $125K crore

• Mounting debt, credit card dues, and repayment pressure caused severe mental distress

🚨 Final Outcome

• Overwhelmed by financial and emotional strain, the victim ended his life, leaving behind a tragic reminder of how investment frauds can spiral rapidly

Key Lessons for Investors

• Fake profits are the bait.

• “Pay fees to withdraw” is a major RED flag

• Never use credit cards or loans for investments.

• Online relationships + investment advice = Brutal danger zone

• Verify platforms independently, not via screenshots