Mira-Bhayandar: 49-Year-Old Businessman Loses Over ₹72 Lakh To Stock Market Scam In 35 Days, Scammers Disappear With Money

Mira-Bhayandar: 49-Year-Old Businessman Loses Over ₹72 Lakh To Stock Market Scam In 35 Days, Scammers Disappear With Money

Despite being a regular stock market investor, a 49-year-old businessman lost more than Rs 72 lakh in just 35 days to cons, who fleeced him on the pretext offering tips on how to earn huge profits by investing in the stock exchange.

Suresh GolaniUpdated: Sunday, September 15, 2024, 03:27 AM IST
article-image
Regular investor loses Rs72.8L to stock trading fraud | Representational Image

Mira-Bhayandar: Despite being a regular stock market investor, a 49-year-old businessman lost more than Rs 72 lakh in just 35 days to cons, who fleeced him on the pretext offering tips on how to earn huge profits by investing in the stock exchange.

In his complaint to the Kashigaon police, the Mira Road resident, who runs an aluminum lid manufacturing company, said that he fell into the trap, after receiving a message on WhatsApp from an unknown sender. The con lured him, saying that he could earn lucrative profits by investing in the stock exchange with the expert's advice. He was then asked to download a bogus trading app.

After attending online tutorials, the man transferred Rs 72.8 lakh from August 4 to September 10 to the scammers. As the app reflected that his 'profits' have risen to over Rs 2.05 crore, he decided to withdraw the money, but couldn't do so. Hence, he visited the office of the investment company in Lower Parel, but was shocked to learn that the company no longer existed.

RECENT STORIES

Virtual Ganesh Chaturthi 2025: Apps And Websites For Live Ganpati Darshan And Aartis

Virtual Ganesh Chaturthi 2025: Apps And Websites For Live Ganpati Darshan And Aartis

Mumbai: Body Of Missing 24-Year-Old Woman Found Floating Near Nariman Point, Probe Underway

Mumbai: Body Of Missing 24-Year-Old Woman Found Floating Near Nariman Point, Probe Underway

Who Is Ameet Satam? Three-Term MLA From Andheri West Appointed As President Of Mumbai BJP Unit

Who Is Ameet Satam? Three-Term MLA From Andheri West Appointed As President Of Mumbai BJP Unit

Ganesh Chaturthi 2025: Lalbaugcha Raja Throned On Golden Palace Theme Is Inspired By Tirupati...

Ganesh Chaturthi 2025: Lalbaugcha Raja Throned On Golden Palace Theme Is Inspired By Tirupati...

Maharashtra: Congress Leaders Protest Outside Nagpur Municipal Corporation Over Potholes, Demand...

Maharashtra: Congress Leaders Protest Outside Nagpur Municipal Corporation Over Potholes, Demand...