Archive · 24 Jul 2025
Pilot Loses Over Rs 3.16 Crore in Investment Fraud
A pilot was tricked into investing over 3 crore rupees in a fake stock market scheme.
It started with videos on YouTube about investing, then a woman contacted him, pretending to be a mentor.
She added him to a group, gave tips, and had him download an app.
The pilot invested money based on the tips.
His wife checked the app and saw a huge profit.
When he tried to take the money out, he was asked for more.
Realizing it was a scam, he reported it to the police.
A 56-year-old pilot was defrauded of over Rs 3.16 crore in a share market investment scam.
The pilot was contacted via WhatsApp after watching investment videos on YouTube.
He was added to a WhatsApp group and received investment tips, subsequently investing in shares.
The pilot's wife saw a profit of Rs 6.73 crore in her account, while his showed Rs 15.82 crore.
Upon attempting to withdraw funds, the pilot was asked to deposit an additional 10 percent, leading to the realization of the fraud.
- Who
- A 56-year-old pilot was the victim of the scam. Cybercriminals posing as investment advisors were the perpetrators.
- What
- A pilot was defrauded of over Rs 3.16 crore in a share market investment scam.
- When
- The scam occurred between May and July 19.
- Where
- Mumbai.
- Why
- The pilot was targeted to get money through share market investment by the fraudsters
- Victim
- 56-year-old pilot
- Amount Defrauded
- Over Rs 3.16 crore
- Modus Operandi
- WhatsApp contact, investment tips, fake app
- Alleged Profits
- Pilot's account showed Rs 15.82 crore, wife's account showed Rs 6.73 crore
- Action Taken
- Complaint filed with National Cyber Crime Reporting Portal and West Region Cyber Police Station