Ulhasnagar Trader Duped of ₹22.95 Lakh in Crypto Scam by Neighbor Couple
Kalyan Dombivli
N
News18•23-01-2026, 09:45
Ulhasnagar Trader Duped of ₹22.95 Lakh in Crypto Scam by Neighbor Couple
- •A grocery trader in Ulhasnagar was defrauded of ₹22.95 lakh in a cryptocurrency investment scam.
- •The victim, Prabhawati Sanjay Mali, and Siddharth Sanjay Chaudhary were lured by neighboring couple Mukesh and Archana More.
- •The accused promised a daily 5% return on crypto investments, gaining the victims' trust.
- •After initial small returns, the couple pressured the victims for a large investment between November 7 and December 29, 2025.
- •The accused later became unreachable and failed to return the invested money, leading to a police complaint.
Why It Matters: An Ulhasnagar trader lost ₹22.95 lakh to a crypto scam orchestrated by a neighboring couple promising high returns.
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