Archive · 19 Aug 2025
Thane Man Loses ₹40.99 Lakh in Online Trading Scam
A man in Thane lost a lot of money in a fake online trading scheme.
He saw an ad on Facebook and was convinced to invest.
He sent money, thinking his investments were growing.
When he tried to get his money back, they asked for a large tax payment, which made him realize he was being tricked.
He then reported it to the police.
A 48-year-old man from Thane was defrauded of ₹40.99 lakh in an online trading scam.
The victim was lured through a Facebook advertisement promoting investments in IPOs.
He was added to a WhatsApp group and instructed to transfer money to bank accounts.
The victim's investment supposedly grew to ₹88,39,072, but he couldn't withdraw.
When asked to pay 20% tax, he realized he was scammed and reported it to the police.
- Who
- A 48-year-old man was the victim, and the police registered an FIR against two individuals.
- What
- A 48-year-old man was cheated out of ₹40.99 lakh in a fake online trading scam.
- When
- The scam occurred in May and June of this year.
- Where
- Thane, Maharashtra
- Why
- The victim was lured into the scam to invest in fake IPOs.
- Victim Age
- 48 years old
- Location
- Thane, Maharashtra
- Amount Lost
- ₹40.99 lakh
- Scam Type
- Fake Online Trading Scam
- Modus Operandi
- Facebook advertisement, WhatsApp group, and bank transfers
- Legal Action
- FIR filed against two individuals
Sources
Rs 64 lakh lost to investment fraud, one held; lured by social media ad promising high returns
Thane man loses Rs 41 lakh in online trading fraud; 2 booked
Thane Man Duped Of Rs 41 Lakh In Online Trading Scam, Case Filed: Cops
80-Year-Old Retired RBI Employee Duped Of ₹49 Lakh By Fraudsters Posing As Mumbai Police
Palghar News: MBVV Cyber Police Help Virar Resident Recover ₹1.6 Lakh Lost In Online Banking Scam
BBA student, passport agent among trio who bought cryptocurrency with funds siphoned in Cyber fraud
