Can a proprietor acting as a capital investor in project be charged under sec 409 or he needs to be charged under 406 of the ipc in case of cheating

A proprietor of a scrap business, who posed to be a capitalist and investor in projects, after taking money in the name of paper work and other official charges for registering the lending document cheats of the said amt. Can he be charged under Sec 409 or 409 does not apply and he needs to charges under sec 406. Does other charges like 418,415,420,403,120B and 34 hold good in his case.