US Woman Duped into Paying Rs 6 Crore for Fake Jewelry in Rajasthan; Nagpur Businessman Loses Rs 87 Lakhs in NYSE Scam

US Woman Duped into Paying Rs 6 Crore for Fake Jewelry in Rajasthan

According to the authorities, a shop owner in Rajasthan tricked a US woman named Cherish into paying an incredible Rs 6 crore for imitation jewels worth at Rs 300. US national Cherish purchased gold-plated silver jewelry from a store in Jaipur's Johri Bazaar. It was discovered that the jewelry was fake when she displayed it at a US exhibition in April. Cherish went to India to face the store owner after this revelation. When confronted, the proprietor of the store refuted the accusations. Cherish then went to Jaipur to lodge a police case. She also asked the US embassy for help, and they have asked the Jaipur Police to look into the matter.

Officials claim that Cherish connected with the owner on Instagram in 2022. She spent Rs 6 crore over the previous two years on what she thought were real jewelry. Both the owner, Gaurav Soni, and his father, Rajendra Soni, are currently wanted by the police. An officer said, "Special teams have been formed to trace the two men." The case has brought up serious issues regarding the legitimacy of goods supplied to customers abroad and the requirement for tougher laws to stop future frauds of this kind.

In a another scam case, a 41-year-old Nagpur businessman thought he was investing in the New York Stock Exchange and lost Rs 87 lakhs to a phony internet platform. Despite being promised a profit of Rs. 8 crore, he lost the money in less than ten days. A police station in Lakadganj has received a complaint. The accused, Jesleen Prasad, sent the victim, Mishra, a friend request on Facebook, which is when the scam began. Then, Prasad gave Mishra the chance to trade on the New York Stock Exchange. In an attempt to win Mishra over, Prasad showed him images of other investors' profitable trades and introduced him to the website newyorkstockexchangev.top.

Mishra got his trading platform login ID after giving his bank information. His initial investment of Rs 50,000 reportedly increased to Rs 1.42 lakh in just ten minutes, and the funds were transferred to his bank account. Motivated by this, Mishra was eventually convinced to spend Rs 30 lakh in exchange for a 10x return and a 10% profit split with the platform operators. However, in less than ten minutes, the whole sum was lost. Prasad attributed the defeat to Mishra's disregard for directives. Then, with the promise of ten times the gains, Mishra was given another opportunity to invest Rs 57 lakh. The trading screen revealed a Rs 8 crore profit following this investment. Mishra asked to have the proceeds transferred to his bank account, but was informed that a security code was needed, which meant he would have to pay an extra Rs 82 lakh. Mishra had already made a police complaint by now.