Imagine waking up one day to find out that your hard-earned money has been swindled in a sophisticated online trading scam. That’s exactly what happened to a 67-year-old entrepreneur from Pune, who lost a whopping Rs 1.86 crore to fraudsters.
The victim, who runs an electrical systems manufacturing unit in Kothrud, fell prey to an advertisement for a share trading platform last November. Intrigued by the promise of quick profits, he clicked on the link and was added to a WhatsApp group with over 130 members.
In this group, admins lured him with messages about lucrative stock trading opportunities, and other members boasted about their massive returns. Convinced that he had stumbled upon a goldmine, the victim watched and waited for over two weeks.
Eventually, one of the admins reached out to him privately, urging him to download a phone-based trading app. Eager to make money, the entrepreneur registered on the fake platform and started investing as per the scammers’ instructions.
He was asked to transfer funds to multiple mule accounts located in different cities across India, with each transaction reflecting fake profits on the trading app. Within just 20 days, his initial investment of Rs 1.86 crore supposedly grew to a staggering Rs 54 crore.
But when he tried to cash out, the fraudsters demanded a hefty 20% service charge on his gains. Realizing he had been duped, the victim immediately reported the incident to the Cyber Police Station in Pune.
This unfortunate incident serves as a stark reminder to always exercise caution when dealing with online investments and to verify the authenticity of trading platforms before parting with your money. Stay safe and stay vigilant, folks!
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