'Double Your Money In 50 Days': Over 200 People In Bhubaneswar Duped By Cyber Fraudsters

Cyber fraudsters are on the prowl as Odisha is witnessing a spike in online crimes. Fraudsters are alluring people with several tempting schemes and are looting their savings. Several such cases have come to the fore in recent times posing a challenge to the Cyber Police.

'Double Your Money In 50 Days': Over 200 People In Bhubaneswar Duped By Cyber Fraudsters

News Summary

A woman named Helen, believed to be located overseas, was the admin of the entire financial transactions carried out during the investment proposal.

As alleged by the victims, Helen was controlling the online fraud network and the transactions by creating several WhatsApp groups.

In a real-life depiction of a popular scene in Bollywood super hit comedy film 'Phir Hera Pheri', wherein a chit fund company allured several small investors with promises of doubling their money only in 21 days, over 200 people In Odisha's Capital city landed in the net of scammers with similar promises before ending up losing over Rs 2 crore in the process.

As per reports, sometime back, several people received a website link, "oobicycle.com". The self-styled online investment company allured them in making investments with tempting offers and schemes. While in one scheme, the fraud company promised to double the investment amount in 50 days with the minimum amount capped at Rs 500, in another scheme it claimed to double Rs 5000 in only 70 days. Similarly, another tempting scheme included multiplying Rs 20, 000 five times in 5 days.