In a major crackdown on financial fraud, the National Cyber Crime Investigation Agency (NCCIA) arrested 149 suspects linked to a massive Ponzi scheme during a raid in Faisalabad. The operation targeted a fake call center that had been deceiving the public through fraudulent investment schemes.
Foreign Nationals Among the Accused
Of those arrested, 71 were foreign nationals, with a significant number identified as Chinese citizens. However The suspects were reportedly using digital platforms and phone calls to lure individuals into fake investment opportunities promising quick and high returns.
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Elaborate Fraud Setup
The NCCIA revealed that the call center served as a front for a complex financial scam involving multiple layers of deceit.
National Concern Over Investment Scams
The NCCIA’s statement stressed that these scams are not isolated incidents but part of a growing trend of cyber-enabled fraud across the country. The agency reiterated its commitment to dismantling such operations and protecting citizens from falling prey to fake investment platforms.
Efforts are ongoing to trace the flow of the embezzled funds and to identify additional individuals involved in the racket.
The case highlights the need for stronger digital monitoring and public awareness to guard against such predatory financial traps.
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