Pune Techie drops with profit bait of Rs 9,000 and ends up losing Rs 91 lakh online sharing transaction fraud
How to unfold fraud
Police said the victim’s phone number was added to a messaging application group in December 2024. The team members shared their profits from stock trading, attracting technicians to contact administrators. The administrator then convinces him to trade stocks using a specific application, thus giving him a download link.
Police explained that the software used by the scammers seemed to be similar to a legitimate stock trading app. Fraudsters often use screen manipulation apps to deceive their victims.
Win trust before scam
According to FIR, the technician initially invested Rs 50,000. Within a week, the app showed a profit of Rs 9,000 and the fraudster allowed him to exit. Police said this was done to gain his trust.
Encouraged by initial success, victims are advised to invest in high-value stocks for greater profits. The scam shared details of six bank accounts, while the technician transferred Rs 9.1 lakh in seven transactions.
Fraudsters refuse to release funds
When the victim tried to sell his stock, the fraudster stopped him from doing so and continued to ask for more money to free his funds. The technician realized he had been cheated and they were investigating cybercrime police, who are now investigating the case. Authorization urges people to be cautious when investing in online trading platforms and to verify the legality of such applications before any transaction is made.Input from TOI
