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Guntur doctor duped of Rs 13 crore in cryptocurrency…

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activeCrypto / Investment FraudPan India

Guntur doctor duped of Rs 13 crore in cryptocurrency investment scam

A prominent private doctor in Guntur reportedly lost nearly Rs 13 crore in a cryptocurrency investment scam. According to reports, online platforms lured the victim with promises of extraordinary profits from digital investments.

State

Multiple States

First reported

May 2026

Agency involved

Police

Status

Under investigation

The full story

Everything you need to know about this case, in one place.

Investigators said the victim initially invested a smaller amount, after which the fraudsters displayed fake profits on an online dashboard to build confidence. Encouraged by these returns, the doctor invested heavily, including funds from close friends and associates.

The fraud came to light when the doctor attempted to withdraw money from the platform, but withdrawals were repeatedly blocked or delayed. Following a complaint, local police registered a case and launched an investigation into the cyber fraud network.

Not yet reported: The articles do not mention any specific dates, suspect identities, or arrests made in connection with the case.

Where the case stands

The latest position in the reports we read.

Police have registered a case based on the victim's complaint and are currently tracing the money trail, bank accounts, and digital transactions.

Who was affected

Described in general terms; we do not name victims.

A prominent private doctor from Guntur, along with close friends and associates whose funds were also invested.

How the scam worked

The method described in the reports.

Fraudsters lured the victim through online platforms promising high returns on cryptocurrency trading.
The victim was initially encouraged to invest a smaller amount to test the platform.
Operators displayed fake profits and attractive returns on a digital dashboard to win the victim's trust.
Believing the gains were real, the victim invested large sums of money, including funds belonging to friends and associates.
When the victim tried to withdraw funds, the operators blocked or delayed the transactions with suspicious responses.

Targeted by something similar?

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Keep reading

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Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

timesofindia.indiatimes.comOriginal report The Times of IndiaOpens via Google News

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.