Cybercrooks dupe man of 33L in online share fraud | Pune News



Pune: A 64-year-old man, working as a digital solution provider, from Wadgaon Budruk recently lodged a complaint with the Sinhagad Road police on Thursday, stating that cybercrooks cheated him out of Rs 33.1 lakh by promising handsome returns through online share trading between July and Aug.Inspector Ulhas Kadam of the Sinhagad Road police said, “The victim and members of his family run a small business of digital solutions like web designing, cloud business, technology consultations, mobile applications, etc, at Anandnagar on Sinhagad Road,” Kadam said.“Last week, he lodged a complaint application to the Pune cybercrime police and after verification, the FIR was forwarded to the Sinhagad Road police station on Thursday,” Kadam said.According to the police, the victim’s cellphone number was added to a group on a messaging application. The group members discussed high returns by trading shares online. “The victim read the group’s name, which was similar to a prominent share broking firm in India,” Kadam said.The victim, according to the police, then contacted the group admin asking for help in share trading. The group admin sent him a link to an online share trading application. The victim downloaded the application and started purchasing shares. However, the victim failed to generate profit. The group admin then contacted the victim, asking him to invest in high-value shares and promised to help him out.The fraudsters then shared details of five different bank accounts with the victim and asked him to transfer money to them to buy the shares. The victim transferred a total amount of Rs 33.1 lakh. The application then showed high profit to him. When he decided to sell the shares, the fraudsters did not allow him.





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