A case has been registered against ten individuals for allegedly duping a 38-year-old tax consultant from Maharashtra’s Thane district by luring him into investing in a digital asset with promises of high returns, resulting in a financial loss of ₹8.66 lakh, police officials confirmed on Monday.

According to PTI, the accused had repeatedly contacted the victim, a resident of Mumbra, from November 2023 onwards, persuading him to invest in a cryptocurrency-like digital asset called MCOIN. The scheme was presented as a lucrative investment opportunity, with assurances of significant and quick returns. Convinced by their claims, the victim transferred funds amounting to ₹8.66 lakh into the investment.