Multi-Crore Investment Scam Unraveled: Couple Busted for Duping Investors with False Promises

In a significant breakthrough against financial crime, police in Mangaluru have apprehended a couple accused of orchestrating an elaborate investment fraud, swindling unsuspecting individuals out of more than Rs 1.5 crore. The alleged fraudsters, identified as Roshan Pinto and his wife Wilma, had reportedly promised exorbitant returns on investments, luring victims into their deceptive scheme before vanishing with their hard-earned money.

The sophisticated con began to unravel as multiple victims, realizing they had been duped, approached the police with complaints.

The couple’s modus operandi was deceptively simple yet effective: they would convince individuals to invest sums ranging from Rs 1 lakh to Rs 10 lakh, assuring them of astronomical returns that, in reality, were too good to be true. To cement their facade, they even issued promissory notes, creating a false sense of security for their investors.

After collecting substantial amounts from various people, the Pintos abruptly disappeared, severing all contact and leaving a trail of financial devastation in their wake.

Following the registered complaints, police launched a meticulous investigation, tracing the couple’s movements. Their efforts culminated in the successful apprehension of Roshan and Wilma Pinto, who were subsequently brought in for questioning.

During interrogation, the couple reportedly confessed to their elaborate scheme, admitting to the fraudulent collection of funds.

This case serves as a stark reminder of the perils of unregulated investment opportunities that promise unrealistically high returns. Authorities continue to urge the public to exercise extreme caution and conduct thorough due diligence before investing their money, especially in schemes that seem too good to be true.

The arrest of the Pinto couple brings a glimmer of hope for the victims, though the recovery of the full defrauded amount remains a challenge.

The investigation is ongoing, with police aiming to uncover the full extent of their operations and identify any other individuals who may have been involved or affected by this multi-crore deception.