Archive · 21 Sep 2026
Mumbai Man Loses ₹94 Lakh in Fake Stock Trading Scam
A man in Mumbai saw an advertisement about investing in stocks on Instagram.
After clicking it, he was added to a WhatsApp group.
People in the group promised him very large profits.
They sent him to a fake website that looked like a trading platform.
The website showed false information suggesting that his money was growing.
The man transferred ₹94 lakh to bank accounts provided by the scammers.
When he asked for his money back, the scammers refused.
Cyber police are now investigating the case.
A 54-year-old Kanjur Marg resident allegedly lost ₹94 lakh in an online investment scam.
The alleged fraud took place between July 30 and September 10, 2026.
The victim entered a WhatsApp group after clicking an Instagram stock-investment advertisement.
Scammers promised high returns and directed him to a fake trading platform.
Cyber police are investigating the bank accounts and digital footprints linked to the suspected fraudsters.
- Who
- A 54-year-old resident of Kanjur Marg was allegedly defrauded by cyber fraudsters.
- What
- The man allegedly lost ₹94 lakh in a fake online stock-trading investment scheme.
- When
- The alleged fraud occurred between July 30 and September 10, 2026.
- Where
- The victim was targeted online while at his residence in Kanjur Marg, Mumbai.
- Why
- The fraudsters allegedly attracted him with promises of extraordinarily high returns and used a fake trading platform to obtain his money.
- Amount lost
- ₹94 lakh
- Victim
- 54-year-old Kanjur Marg resident
- Alleged fraud period
- July 30 to September 10, 2026
- Initial contact
- Instagram advertisement
- Communication channel
- WhatsApp group
- Fraud method
- Fake trading platform and falsified profit displays
- Investigation
- Cyber police are examining bank accounts and digital footprints