Archive · 28 Sep 2026
Bengaluru Engineer Loses Crores in Quantum AI Trading Scam
A Bengaluru engineer said he was cheated through an online trading scheme.
He first saw an advertisement on Facebook.
The advertisement promoted something called “Quantum AI.”
After he clicked it, someone contacted him through a website.
That person convinced him to use the Proxtrend trading platform.
The engineer started trading around February 27, 2026.
A person calling himself “Raja S” reportedly advised him about trades and payments.
Police said the engineer lost about Rs 1.94 crore to Rs 1.95 crore.
A 47-year-old Bengaluru engineer reported losing Rs 1.94 crore, while the police account described the loss as Rs 1.95 crore.
The alleged scam began with a Facebook advertisement for a “Quantum AI” investment scheme in February 2026.
After visiting the linked website, the engineer was contacted by a representative who persuaded him to join the Proxtrend trading platform.
He began trading around February 27 and remained in regular contact with a person calling himself “Raja S.”
“Raja S,” who claimed to be an account manager, guided the engineer on trades and transactions, according to the complaint.
- Who
- A 47-year-old engineer from J K Halli, Bengaluru, according to his police complaint.
- What
- He reported losing approximately Rs 1.94 crore to Rs 1.95 crore in an alleged online trading scam.
- When
- The scheme began in February 2026, and he started trading around February 27.
- Where
- The engineer was a resident of J K Halli in Bengaluru; the alleged scheme operated online.
- Why
- He was persuaded to join the Proxtrend platform after responding to a Facebook advertisement for a “Quantum AI” investment scheme.
- Reported victim
- A 47-year-old engineer
- Location
- J K Halli, Bengaluru
- Reported loss
- Rs 1.94 crore in the headline; Rs 1.95 crore in the police account
- Initial contact
- A Facebook advertisement
- Advertised scheme
- “Quantum AI”
- Trading platform
- Proxtrend
- Reported account manager
- A man using the name “Raja S”