Cyber criminals dupe Noida-based man of over Rs 9 crore through fake trading app, FIR filed

The Noida-based businessman has become the victim of cybercrime after losing Rs 9 crore to a fake trading app. He got trapped after getting into a discussion on the stock market on WhatsApp. The police found that the money was transferred in several parts of the country.

he man filed an FIR with Cybercrime polic, after which Rs 1.62 crore of the transacted funds have been frozen in the account. (Photo: TV9 Network)

Noida: In a shocking incident, a 41-year-old businessman from Noida became the latest victim of cybercrime after losing Rs 9 crore to a fake trading app. As per the police, the man got trapped in the scam after getting into a discussion about the stock market on WhatsApp.

Sharing further details, the police said that fraudsters had contacted the man by posing as investment advisors. They also lured him to invest by promising high returns. Getting into the trap the man invested around Rs 9.09 crore by May 27 in share trading. However, when he tried to withdraw his funds, the man realised that he was not able to withdraw his money and that the app was a sham. Soon, he filed an FIR with Cybercrime police bout Rs 1.62 crore of the transacted funds had been frozen in the account.

The victim transferred money in 13 installments

In his FIR, the man said that by May 27, he had transferred the money in 13 installments. The man also informed me that he also filed an online complaint through the government’s portal on cybercrime. The police further said that the probe in the matter showed that the money was transferred to bank accounts in several locations in the country which include Assam, Bhubaneswar Chennai, Rajasthan, and Haryana.

Delhi woman fell prey early this year

Earlier in April, a Delhi-based woman lost over Rs 19 after she fell prey to a work-from-home job scam. In her complaint to the police, the Dwarka resident claimed that she was contacted by the scammers in September last year through social media. She was offered a part-time work opportunity, which she could pursue from home. Subsequently, she was asked to join a Telegram group.

On the first day of joining the work, the woman reportedly paid Rs 5,000 to the accused. On the completion of the project, she was paid Rs 5,600. and was later paid Rs 5,600. Again she invested more money, but this time the accused told her that she was required to complete a list of tasks before withdrawing the money along with the profit, police added further.

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