T’puram: Neyyattinkara police on Tuesday booked a Kozhikode-based woman for cheating a 48-year-old teacher residing at Thozhukal of Rs 40 lakh by offering high profit in cryptocurrency trading.The male teacher was an active trader and was given tips to win his trust. He received $120 as profit in the first round, but later was directed not to withdraw any profit to further divert funds for gaining more.At a certain point, the victim was made to believe that he gained over Rs 80 crore by investing Rs 40 lakh. He was also asked to pay Rs 40 lakh as tax to withdraw the amount completely. However, he was not willing to make any extra payment and sought the advice of experts, only to find that it was a scam. He soon approached police with a complaint. Police intensified the search for the woman after registering a case under BNS Sections 316 (5) for criminal breach of trust and 318 for cheating and under Section 66 (D) of IT Act.“The woman contacted me on FB in May, introducing herself as a doctor who was into trading after realising its potential. Later, a demat account was opened for me and I invested Rs 40,000 as an initial investment. The profit given in the first round compelled me to invest more. In the trading platform, I could see the huge profit earned, but she advised me not to withdraw it and instead compelled me to invest more to gain huge profit. However, it was a trap,” he said.
