Cyber Crime
Pune Businessman Scammed of Rs 27.2 Lakh in Online Share Trading Fraud
PUNE: A 50-year-old businessman from Pune’s Market Yard fell victim to a cyber fraud involving an online share trading scam, losing Rs 27.2 lakh between October 16 and November 5. The victim lodged a complaint on Friday, leading to an FIR being registered with the Market Yard police following initial verification by the city cybercrime police.
Inspector Rahul Khilare, who is investigating the case, revealed that the businessman had received two links on social media promising lucrative returns through online share trading. Tempted by the offer, he initially invested Rs 50,000 and was credited with an Rs 8,000 return, which boosted his confidence in the scheme.
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Encouraged by the apparent success, the victim continued to invest larger amounts, and the app displayed significant profits. However, when he attempted to withdraw the invested funds and accrued returns, he discovered that the platform blocked such transactions. The scammers soon ceased all communication, leaving the victim unable to recover his money.
Realizing he had been duped, the businessman approached the authorities for help. The police have launched an investigation to trace the culprits and recover the lost amount. Inspector Khilare urged the public to remain cautious about online investment schemes, particularly those shared via social media, and to verify the authenticity of such platforms before engaging.
This incident highlights the increasing prevalence of cybercrime and the importance of vigilance in online financial dealings.