Cybercriminals Duped Victims in Stock Market Frauds

In Hyderabad, two people were tricked out of a lot of money by scammers who promised them big profits from stock market investments.

One victim, a homemaker from Dundigal, was added to a WhatsApp group by people who said they were stock market experts.

They showed her fake proofs of profits and encouraged her to invest more and more money.

By the time she realized it was a scam, she had lost ₹1 crore.

Another victim, a former IT employee from Madinaguda, saw an ad on Facebook offering stock market training.

He was also added to a WhatsApp group where scammers showed him fake dashboards with huge profits.

He invested ₹1.26 crore before realizing he had been cheated.

The police arrested four people who helped the scammers by providing bank accounts to transfer the stolen money.

The main scammer is still missing, and the police are trying to find them.