In a case of online trading fraud, scammers managed to con a man out of a substantial ₹20.85 lakh between July 4 and August 12 in Pune.
Amit Madanrao Kate, a 39-year-old Wakad resident originally from Nagpur, was the unfortunate victim who promptly reported the incident to the police. Subsequently, a case was registered against three individuals named Kevin, Lisa, and Warren, whose full names and addresses remain unknown, along with the UPI ID holder responsible for the money transfers.
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According to preliminary police findings, the scammers added the victim's mobile number to a WhatsApp group and initiated their deceptive scheme by sending a link. They convinced the victim to download an app under the pretence of engaging in profitable online trading. After the victim made an initial payment, the scammers fabricated a deposit of over ₹1 crore in the victim's trading account.
To withdraw this supposed fortune, the scammers claimed a 10% tax was required, ultimately extracting a total of ₹20.85 lakh from the victim. Unfortunately, the promised amount was never returned, leaving Kate in financial distress.
The Wakad police have launched an investigation into the matter.