https://www.taxtmi.com/news?id=48038 A social media originated investment fraud operated from Nepal used deceptive trading platforms and messaging groups to lure victims; organisers showed small profits to gain trust, then blocked withdrawals or claimed fictitious compliance issues. The scheme depended on multiple bank accounts and SIM cards obtained by recruiting third parties with cash incentives to receive and launder stolen funds. Investigation traced substantial transactions to a private bank account linked to an accused, prompting arrests of two suspects alleged to have coordinated transfers and handed over SIMs and banking credentials to remote controllers. en-us Mon, 30 Jun 2025 18:01:09 +0530 Mon, 30 Jun 2025 18:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48038 A social media originated investment fraud operated from Nepal used deceptive trading platforms and messaging groups to lure victims; organisers showed small profits to gain trust, then blocked withdrawals or claimed fictitious compliance issues. The scheme depended on multiple bank accounts and SIM cards obtained by recruiting third parties with cash incentives to receive and launder stolen funds. Investigation traced substantial transactions to a private bank account linked to an accused, prompting arrests of two suspects alleged to have coordinated transfers and handed over SIMs and banking credentials to remote controllers. News - Mon, 30 Jun 2025 18:01:09 +0530 https://www.taxtmi.com/news?id=48038