Pune: A resident of Karvenagar has filed a complaint with the cyber police, alleging that online fraudsters deceived him into losing Rs 33 lakhs by promising lucrative returns on investments through online share trading. The fraud occurred between November last year and February 10 this year. The FIR was forwarded to the Warje police for further investigation on Saturday.
According to the police, the 42-year-old victim, a techie, had his phone number added to a messaging group where members discussed the substantial profits they made from trading shares online, following the advice of the group’s admin. After reading the messages, the victim decided to reach out to the admin.
The group admin allegedly encouraged the victim to invest money in the stock market and assured him of assistance. “The group admin then sent the victim a link to a share trading application,” the police stated. The victim downloaded the application and began purchasing shares as instructed.
The suspects reportedly contacted the victim again and urged him to invest in high-value shares and IPOs, promising even higher returns. “They offered to help him further by purchasing shares on his behalf,” the police added. The fraudsters shared five different bank account details with the victim, and he transferred money to them.
The victim, who was monitoring the application, noticed significant profits after his investments. However, when he attempted to sell the stocks to realize the profits, the fraudsters prevented him from doing so. Realizing he had been cheated, the victim approached the police for help.
Pune: A resident of Karvenagar has filed a complaint with the cyber police, alleging that online fraudsters deceived him into losing Rs 33 lakhs by promising lucrative returns on investments through online share trading. The fraud occurred between November last year and February 10 this year. The FIR was forwarded to the Warje police for further investigation on Saturday.
According to the police, the 42-year-old victim, a techie, had his phone number added to a messaging group where members discussed the substantial profits they made from trading shares online, following the advice of the group’s admin. After reading the messages, the victim decided to reach out to the admin.
The group admin allegedly encouraged the victim to invest money in the stock market and assured him of assistance. “The group admin then sent the victim a link to a share trading application,” the police stated. The victim downloaded the application and began purchasing shares as instructed.
The suspects reportedly contacted the victim again and urged him to invest in high-value shares and IPOs, promising even higher returns. “They offered to help him further by purchasing shares on his behalf,” the police added. The fraudsters shared five different bank account details with the victim, and he transferred money to them.
The victim, who was monitoring the application, noticed significant profits after his investments. However, when he attempted to sell the stocks to realize the profits, the fraudsters prevented him from doing so. Realizing he had been cheated, the victim approached the police for help.
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