Pune News: Vishrantwadi Resident Loses Rs 33 Lakhs in Online Share Trading Scam
Pune News: 8 Arrested For Duping Businessman Of Rs 99 Lakh In Share Trading Fraud
Pune, October 21, 2024: A 48-year-old man from Tingre Nagar in Vishrantwadi has been duped of Rs 33.1 lakh in an online share trading scam. The incident took place between May 26 and July 17, 2024, after the victim was lured into the fraudulent scheme through a WhatsApp group that promised high returns on investments.
According to the complaint filed, the victim was instructed by the scammers to download a mobile application and invest money, with the assurance of quick and lucrative returns. Trusting the claims, he began investing, only to realize later that none of the promised profits were being returned.
Despite repeated attempts to recover his money, the victim received no response from the individuals operating the scheme. Following this, he approached the authorities, and an investigation into the online scam was launched.
Incidents like these have become increasingly common as online scams continue to evolve, targeting unsuspecting individuals with promises of easy wealth. Police have urged the public to exercise caution while investing in online platforms and to verify the authenticity of such schemes before committing any funds.
