Archive · 18 Sep 2025
Ex-Advocate and Company Director Face Share Trading Scheme Losses
In Delhi, a former lawyer was caught running a fake investment scheme, tricking around 200 people out of a lot of money.
They promised big returns on investments, but it was all a trick to steal people’s money.
In Pune, a company director fell for a similar scam after being added to a WhatsApp group and promised huge gains on stock investments.
The schemes involved fake apps and false information.
The SEBI had warned of such scams, but people are still falling for these types of fraud.
A former advocate in Delhi allegedly cheated around 200 people through a Ponzi scheme.
The ex-advocate's scheme promised high returns on share market investments.
The Economic Offences Wing arrested the former advocate.
A company director in Pune lost over Rs 69 lakh to a share trading fraud.
The director was manipulated through a fake trading application.
- Who
- A former advocate and associates in Delhi, a Pune-based company director
- What
- Both parties were involved in schemes offering high returns on investments, leading to significant financial losses for investors.
- When
- The ex-advocate's scheme operated, and the company director lost money between the first week of June and first week of July.
- Where
- Delhi, Uttar Pradesh (Mathura), Pune, and other locations where the schemes were promoted.
- Why
- To defraud investors through the promise of high returns on investments.
- Accused
- Former advocate and associates, Pune-based company director
- Victims
- Around 200 people defrauded by ex-advocate, one company director
- Total Losses (ex-advocate)
- Approximately Rs 100 crore
- Company Director's Loss
- Rs 69.5 lakh
- Scheme Type
- Ponzi scheme, share trading fraud
- Promise
- High returns on investments
