Archive · 24 Jan 2026
Victims Duped in Fake Share Market Scams
Three people in India were tricked by cyber criminals who promised them big profits from investing in the share market.
The criminals added the victims to WhatsApp groups and sent them fake trading apps.
The victims invested money over several months but couldn't withdraw it.
The criminals then asked for more money, and the victims realized they were scammed.
They reported the crime to the police, who are now investigating.
The police warn people to be careful and check if investment offers are real before giving money.
A 58-year-old doctor from Kamothe, Navi Mumbai, was duped of ₹20.95 lakh in a fake share market investment scam.
A 41-year-old medical representative from Hyderabad was allegedly cheated of ₹60.9 lakh after being promised high returns through stock market trading.
A 44-year-old software employee from TNGO Colony, Hyderabad, allegedly lost ₹2.14 crore in an online stock trading fraud.
The fraudsters added the victims to WhatsApp groups and shared details of lucrative investment schemes.
The victims were lured into opening demat trading accounts through fake trading applications and were asked for additional payments when they attempted to withdraw funds.
- Who
- Three individuals: a doctor from Navi Mumbai, a medical representative from Hyderabad, and a software employee from Hyderabad
- What
- Duped in fake share market investment scams
- When
- Between November 2025 and January 2026
- Where
- Navi Mumbai and Hyderabad, India
- Why
- Fraudsters promised high returns and lured victims through WhatsApp groups and fake trading apps
- Victim 1
- 58-year-old doctor from Kamothe, Navi Mumbai
- Amount Lost 1
- ₹20.95 lakh
- Scam Duration 1
- November 19, 2025 - January 19, 2026
- Victim 2
- 41-year-old medical representative from Hyderabad
- Amount Lost 2
- ₹60.9 lakh
- Victim 3
- 44-year-old software employee from TNGO Colony, Hyderabad
- Amount Lost 3
- ₹2.14 crore
- Fraud Method
- Fake share market investment via WhatsApp group and trading apps
- Legal Action
- Cases registered under Bharatiya Nyaya Sanhita and IT Act
- Police Warning
- Avoid unknown links and verify investment platforms
Sources
Navi Mumbai Cyber Fraud: 58-Year-Old Kamothe Doctor Duped Of ₹20.95 Lakh In Fake Share Market Investment Scam; Case Registered
Mumbai Crime: 68-Year-Old Logistics Businessman Duped Of ₹10.98 Crore In Online Stock Trading Scam; Cyber Police Register FIR
IT Staffer Loses Rs 2.14 Cr To Online Stocks Scam
Man Pays Rs 60.9L, Gets Back 1,193
Bhopal News: Online Share Trading Fraud; Teacher Duped Of ₹3.95 Lakh
Fake App, Fabricated Profits: How Mumbai Man Lost 11 Crores To Trading Scam
Pune Man Duped Of Over ₹2 Crore In Six-Month Digital Arrest Scam
