Archive · 24 Jul 2025
Pilot Loses Rs 3.16 Crore in Fake Share Market Scam
A pilot was tricked into investing over Rs 3 crore in a fake stock market scheme.
It started with videos on YouTube, leading to contact from a supposed investment assistant.
They provided advice and had the pilot download an app to invest.
The pilot was shown large profits, but when he tried to withdraw his money, he was asked to pay more, revealing it was a scam.
The police have been notified and are investigating the crime.
A pilot lost Rs 3.16 crore in a share market investment scam.
The pilot was contacted via WhatsApp after watching investment videos on YouTube.
He was added to a WhatsApp group and given investment tips, leading to app download.
The pilot's wife saw a fake profit of Rs 6.73 crore, his account showed Rs 15.82 crore profit.
When trying to withdraw money, the pilot was asked for an additional deposit, revealing the scam.
- Who
- A 56-year-old pilot was the victim of the scam, perpetrated by unidentified cyber fraudsters.
- What
- A pilot was defrauded of Rs 3.16 crore in a share market investment scam.
- When
- The scam occurred between May and July 11.
- Where
- Mumbai, India.
- Why
- The fraudsters used deceptive tactics and a fake investment platform to steal money.
- Victim
- A 56-year-old pilot
- Amount Lost
- Rs 3.16 crore
- Modus Operandi
- Share market investment fraud
- Initial Contact
- WhatsApp, after watching YouTube videos
- Action Taken
- Complaint filed with National Cyber Crime Reporting Portal and West Region Cyber Police Station
- Status
- Investigation underway