Archive · 26 Jun 2025
Software Engineer Loses Rs 48 Lakh in Online Share Trading Scam
A software engineer in Pimpri-Chinchwad was tricked into a fake online investment.
Scammers contacted him on WhatsApp, promising big money in share trading.
They made him transfer Rs 48 lakh to different bank accounts.
A fake app showed big profits, but when he tried to withdraw the money, he couldn't.
It was a scam, and the police are now investigating.
A software engineer in Pimpri-Chinchwad was defrauded of Rs 48 lakh.
The fraud involved an online share trading scheme.
Scammers contacted the victim via WhatsApp, promising high investment returns.
The victim transferred money to various bank accounts following instructions.
The fraudulent app 'MOIA' displayed fake profits, preventing withdrawals.
- Who
- A 38-year-old software engineer and cybercriminals posing as investment advisors.
- What
- A software engineer was defrauded in an online share trading scam.
- When
- Between August and October 2024.
- Where
- Pimpri-Chinchwad, Maharashtra, India.
- Why
- To defraud the victim of money through a fake investment scheme.
Victim
Scammers
Financial Loss
Victim
Victim of fraud, lost money due to deception.
Scammers
Perpetrator of fraud, carried out illegal activities for financial gain.
- Victim's Age
- 38
- Victim's Location
- Pimple Gurav, Pimpri Chinchwad
- Amount Defrauded
- Rs 48,38,824
- Scam Type
- Online share trading fraud
- App Used
- MOIA (fraudulent)
- Platform Used
- Charges Filed
- Under BNS and IT Act sections.
Sources
38-Year-Old Nagpur Businessman Loses ₹54.35 Lakh In Cryptocurrency Scam After Befriending Woman On Facebook
Thane Cyber Cops Bust ₹3-Crore 'Digital Arrest' Scam; Money Laundered Abroad via Cryptocurrency
Mumbai Cyber Fraud: Mahim Man Duped Of ₹14.25 Lakh In Rare Coin Scam, Fraudsters Use Fake RBI Certificate; Probe Underway
Maharashtra Cyber Fraud: 41-Year-Old Vasai Man Duped Of ₹23 Lakh In Telegram Bidding Scam, Case Registered
Maharashtra Cyber Fraud: 58-Year-Old Retired Professor From Nalasopara Duped Of ₹64 Lakh In Fake CBI Arrest Scam; FIR Registered
