Team Goemkarponn
PANAJI: The Cyber Crime Police Station, Goa, has registered a cheating case against a Ribandar resident for allegedly duping a 19-year-old Porvorim youth of nearly ₹29.87 lakh under the guise of a high-return investment scheme.
According to the police, the offence was registered on October 6, 2025, at 7:25 pm based on a complaint lodged by Sean Stephen Martins (19), a resident of Solson Residency, Porvorim.
Between December 1, 2024, and April 30, 2025, the accused, identified as Marfier Lobo, a resident of Fondvem, Ribandar, allegedly convinced Martins to invest money in a scheme that promised to double the returns. Believing the offer, the complainant transferred a total of ₹29,87,740 to the accused.
However, after receiving the money, Lobo reportedly failed to provide any investment-related documents or details and also did not return the funds. Police said the accused allegedly used the amount for his personal benefit, thereby cheating the complainant.
The case has been registered under relevant provisions of the law, and further investigation is being conducted by PSI Deepesh D. Shetkar of the Cyber Crime Police Station, Goa.
