Archive · 23 Jun 2025
Man Loses Rs 1.1 Crore in Online Stock Trading Scam
A young man in Maheshwaram was tricked out of a lot of money in an online stock trading scam.
He saw ads on Instagram promising big profits and joined WhatsApp groups.
He was told to put money into a trading account and saw fake profits.
When he tried to get his money back, he was asked to pay more fees.
The police are now looking into it.
A 27-year-old man from Maheshwaram lost Rs 1.1 crore in an online trading scam.
The victim was lured by advertisements on Instagram promising high returns on stock market investments.
He was added to WhatsApp groups that showed fabricated profits.
The scammers instructed him to open a trading account and transfer funds.
The Rachakonda cybercrime police have registered a case and are investigating the money trail.
- Who
- A 27-year-old man and scammers operating through online platforms.
- What
- A 27-year-old man was defrauded of Rs 1.1 crore in an online trading scam.
- When
- The scam occurred over a month, starting in mid-February.
- Where
- Maheshwaram, Hyderabad.
- Why
- The victim was lured by false promises of high returns on stock market investments.
Scammers
Victim
Financial Gain Through Deception
Scammers
Operated fake trading platforms to deceive investors.
Victim
Victim of fraud, lost savings.
- Victim
- 27-year-old man from Maheshwaram
- Amount Lost
- Rs 1.1 crore
- Scam Type
- Online Trading Scam
- Location
- Maheshwaram, Hyderabad
- Investigation Agency
- Rachakonda cybercrime police
- Number of Banks Contacted
- 17
