Indian Police Arrest Suspect in $122K Crypto Scam Targeting Doctor
Ahmedabad authorities have detained Parmar Prateek Bipinbhai, a 25-year-old serial fraud suspect, for allegedly defrauding a physician through a cryptocurrency investment scheme. The accused reportedly converted stolen funds into digital assets before moving them overseas.
Operating via WhatsApp and Telegram, the scammer convinced the victim to transfer money to a designated bank account under false pretenses of crypto profits. Forensic tracing revealed subsequent transfers to accounts controlled by the accused.
This marks the suspect's third arrest for similar financial crimes, reflecting India's growing struggle with digital asset-related fraud. Special police teams conducted coordinated raids across Ahmedabad to apprehend the individual, who remains in custody pending further investigation.
