Mangaluru: The case against Yashvardhan Jain, alias YVJ, has sent shockwaves across the engineering college community. The accused, a fourth-year student, had allegedly exploited his fellow students’ trust to run a fraudulent investment scheme. It is reported that Yashvardhan had promised a 10% profit on the invested amount within a week, which initially seemed like a lucrative opportunity for many students looking to make quick money.
The accused had used the popular messaging app Telegram to create a group named ‘YVJ Investment Enterprises,’ which had nearly 981 members, most of them being students. The group had seemingly become a platform for Yashvardhan to lure his unsuspecting victims into his web of deceit. The complainant alleges that Yashvardhan had duped his college mates, who reportedly invested around Rs 27.96 lac over a six-month period from June last year.
The fraudulent scheme, which had initially appeared to be a golden opportunity for students to earn a quick buck, had turned into a nightmare for many. Yashvardhan had allegedly defaulted on the payments after the first month, leaving many students in the lurch. The complainant’s allegations reveal how Yashvardhan had used his charm and persuasiveness to gain the trust of his victims, only to swindle them later.
The incident has raised serious concerns about the safety and security of students on college campuses. It highlights the need for strict measures to be put in place to prevent such fraudulent schemes from operating on campus. The accused’s actions have not only caused financial harm to many students but have also shattered their trust in their fellow students. The case against Yashvardhan Jain is a stark reminder of the perils of greed and the importance of being vigilant and cautious when investing money.
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