Pune has witnessed a surge in investment fraud cases, with the latest incident involving a 62 lakh scam linked to fake stock market schemes. This case adds to a growing list of financial frauds in the city, where victims have collectively lost over 125 crore rupees in similar scams over the past few months.
The accused allegedly posed as stock market brokers, luring victims with promises of high returns on investments. They used fake trading apps, manipulated screenshots of profits, and offered unrealistic bonuses to convince victims to transfer money. Once payments were made, the fraudsters cut off contact, leaving victims with massive financial losses.
Fake Trading Apps: Scammers use cloned versions of legitimate apps to mimic real trading platforms.
UPI/Bank Transfers: Victims are directed to transfer funds to multiple accounts to avoid detection.
Lure of High Returns: Offers like "450% returns" are used to trap greedy or inexperienced investors.
Verify Brokers: Only invest through SEBI-registered intermediaries.
Avoid Unrealistic Promises: No legitimate investment offers "guaranteed" or "risk-free" returns.
Report Immediately: Contact cyber police via +91-1930 or www.cybercrime.gov.in.