What Is Happening?
A big action is now underway by the Federal Investigation Agency (FIA) of Pakistan. They are looking into a major scam called the Treasure NFT Ponzi Scheme. This scam has taken money from thousands of innocent people, mostly in Larkana and Qamber Shahdadkot.
The FIA has ordered a special Enquiry Committee to find out how this happened, who was involved, and how people were fooled.
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What Is Treasure NFT?
Treasure NFT claimed to be a way to make easy money by investing in digital tokens. Many people were told they would earn big profits quickly. Sadly, this turned out to be a Ponzi scheme.
A Ponzi scheme is when new investors’ money is used to pay old investors. It looks like a real business, but it’s not. It crashes when new people stop joining—and that’s when most people lose everything.
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Who Is Involved?
According to the FIA, a person named Babar Ali Soomro is one of the key people involved in this scam. He was called an "ambassador" for Treasure NFT and openly invited people to invest their money. He also arranged big events to promote the scheme.
But here’s the problem: Treasure NFT had no legal registration. It was working without any approval or license. That makes it illegal and unlawful under Pakistani law.
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How People Were Fooled
People were shown dreams of quick profits. They were told if they invest now, they would earn more later. This is a common trick used in Ponzi scams. Events were held to show the company’s success and attract more people. But in reality, it was just a trap.
Many poor families invested their savings and lost everything. That’s why this action by the FIA is very important.
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What FIA Is Doing Now
The Cyber Crime Circle (NR3C) of the FIA in Karachi has taken the lead. They have ordered the creation of a special committee to investigate everything. This committee will:
Find out how the scam worked
Catch all people involved
Report updates to the Director General of the FIA every two weeks
The committee must be formed within seven days of the notice, and action will be taken as soon as possible.
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What Can You Learn From This?
1. Always check if a company is registered with the government.
2. Don’t trust anyone promising huge profits quickly.
3. Be careful with online investments, especially those that are hard to understand like NFTs or crypto.
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Final Words
This case is a strong reminder for all of us to be careful with our money. The Treasure NFT scam shows how easily people can be fooled with fake dreams. The FIA is now doing the right thing by investigating and trying to give justice to those who lost money.
If you or someone you know was part of this scheme, report it to the FIA immediately. Stay smart, stay safe.
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