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Stock Market, Online Jobs, and Fear Tactics: Pune Sees ₹75 Lakh Cyber Fraud

Investment fraud in Pune: A Kothrud-based youth lost ₹25.01 lakh after fraudsters, posing as representatives of "Finvest" company, lured him with a high-return investment scheme in the stock market.

Salil Urunkar

Pune, 3rd December 2024: Cyber fraud cases involving ₹75 lakh have surfaced across Pune, with victims falling prey to schemes promising high returns, lucrative job opportunities, or leveraging fear tactics. The city’s police have registered separate cases and launched investigations to trace the culprits.

Stock Market Fraud: ₹25.01 Lakh Stolen

A Kothrud-based youth lost ₹25.01 lakh after fraudsters lured him with a high-return investment scheme in the stock market. Posing as representatives of a "Finvest" company, the scammers convinced him to deposit money in their bank accounts.

Initially, they gained his trust by returning a small amount, but they later disappeared, disconnecting all communication. The victim has filed a complaint, and Crime Branch Inspector Vikramsingh Kadam is leading the investigation.

Work-From-Home Fraud: Woman Loses ₹42.12 Lakh

A Vishrantwadi resident was tricked into transferring ₹42.12 lakh under the pretense of an online work-from-home scheme. The scammers contacted her on October 15, offering lucrative returns for completing online tasks.

Despite her repeated payments, no returns were provided. Inspector Yuvraj Hande of the Crime Branch is probing the case.

Online Task Scam: ₹6.37 Lakh Lost

A similar scam targeted a resident in Bibwewadi, costing him ₹6.37 lakh. Fraudsters promised easy earnings through online tasks but vanished after receiving the payments. Senior Inspector Shankar Salunkhe is investigating.

Courier Package Fraud: ₹3.05 Lakh Extorted

In another Bibwewadi incident, a woman was coerced into paying ₹3.05 lakh after fraudsters claimed narcotics were found in her courier package.

Posing as courier service representatives, they threatened her with police action unless she transferred money to their accounts. Inspector Manojkumar Londhe is leading the investigation in this case.

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