Mumbai: 70-Year-Old Man Loses ₹2.08 Crore In Stock Trading Investment Fraud

Mumbai: 70-Year-Old Man Loses ₹2.08 Crore In Stock Trading Investment Fraud

The scammers provided a bogus web link to the victim where he could see his earnings of Rs 3.54 crore. However, when the victim was asked to pay more money to withdraw his earnings, he realised that he had been duped.

FPJ News ServiceUpdated: Wednesday, June 19, 2024, 12:25 PM IST
article-image

Mumbai: A 70-year-old man has lost Rs 2.08 crore in a stock trading investment fraud.

About The Fraud

The scammers provided a bogus web link to the victim where he could see his earnings of Rs 3.54 crore. However, when the victim was asked to pay more money to withdraw his earnings, he realised that he had been duped.

Statement Of Police

According to the police, the elderly victim, a resident of Thane, received a link on his phone from one Ravi Singh about share trading-related guidance. The victim clicked the link after which he got added to a WhatsApp group. Singh then added the victim to two other groups. The scammers told the victim that if he followed their guidance, he could earn huge profits.

RECENT STORIES

Theif Loots Valuables Including LED TV From Famous Marathi Writer Narayan Surve's Neral Home; Later...

Theif Loots Valuables Including LED TV From Famous Marathi Writer Narayan Surve's Neral Home; Later...

Vivek Agnihotri Criticises BMC Over Pothole Menace In Mumbai During Monsoon: 'These Urban Swimming...

Vivek Agnihotri Criticises BMC Over Pothole Menace In Mumbai During Monsoon: 'These Urban Swimming...

Disha Salian Death Case: Citing Political Bias, BJP MLA Nitesh Rane Seeks Removal Of Police Official...

Disha Salian Death Case: Citing Political Bias, BJP MLA Nitesh Rane Seeks Removal Of Police Official...

Mumbai: Police File Charges Against 2 In Beed For Accepting Bets On Application Linked To Mahadev...

Mumbai: Police File Charges Against 2 In Beed For Accepting Bets On Application Linked To Mahadev...

Mumbai University Recruitment 2024: Apply for 152 Faculty Posts; Check Application Process & Vacancy...

Mumbai University Recruitment 2024: Apply for 152 Faculty Posts; Check Application Process & Vacancy...