Archive · 1 Jun 2025
Employee Loses ₹70 Lakh in Fake Online Trading Scam
A person in Hyderabad was tricked into investing money in a fake stock trading scheme.
They were contacted on WhatsApp by people pretending to be from a real trading platform.
The fraudsters convinced them to download a fake app and transfer money, initially showing small profits.
When the person tried to withdraw money, they were asked to pay a large tax.
They reported the scam to the real company and the police, who are now investigating the case.
A 43-year-old lost over ₹70 lakh in an online trading scam.
Fraudsters posed as representatives of a legitimate trading platform.
The victim transferred funds between April 30 and May 26.
The fraudsters initially showed small profits to gain trust.
The victim reported the scam and a case has been registered.
- Who
- A 43-year-old private employee and cyber fraudsters identifying as Hanan Delvi and Ishita Paul.
- What
- A 43-year-old lost 72.55 lakh in an online stock trading scam.
- When
- Between April 30 and May 26, with the case registered on Friday.
- Where
- Cyberabad, India
- Why
- The victim was lured by fraudsters impersonating a legitimate trading platform, who demanded a 'tax' to release funds.
Fraudsters
Victim
Intent to Defraud vs. Being Defrauded
Fraudsters
The fraudsters impersonated a legitimate company with intent to steal money through a trading scam.
Victim
The victim believes they were defrauded and their money was stolen.
- Amount Lost
- 72.55 lakh
- Victim
- 43-year-old private employee
- Police Involvement
- Cyber Crime Police Station, Cyberabad
- Charges
- Cheating, forgery, impersonation
- Timeline
- April 30 to May 26
