Fake Trading Scam Dupes a Retired Bank Manager of ₹30 Lakh in Pune
Fake Trading Scam Dupes a Retired Bank Manager of ₹30 Lakh in Pune
“Online scamming has reached the trading domain, and a retired bank manager got scammed of lakhs.”
A retired manager (82) of a district cooperative bank in Dhankawadi was defrauded of Rs 30.45 lakh by cybercriminals who promised him high profits on his investment in internet stock trading between December of last year and February.
The victim filed a complaint with the cybercrime police in Pune. A formal FIR was filed with the Sahakarnagar police station on Tuesday following verification.
Vitthal Pawar, Senior Inspector, Sahakarnagar Police, TOI
| “The victim resides in Dhankawadi with his son. He has a nephew who trades shares. The elderly continue to see videos on many topics. He watched a share trading video in which the presenter discussed how to make a healthy profit,” Pawar said.
“In the description of the movie, there was also a link to online share trading software. The application was downloaded by the victim. His phone number was immediately added to a message group where participants were talking about the profit made via online share trading. The group administrator was consistently thanked by the members for his advice,” Pawar said.
“After witnessing all of the conversation, the victim was persuaded to get in touch with the group administrator. In order to trade shares, the victim asked the administrator for assistance. The victim began purchasing lower-value shares, and the group administrator volunteered to assist him in purchasing higher-value shares in the hopes of making more money,” he said.
“The victim then transferred funds after the group administrator gave them six separate bank account details,” he said.
“A healthy profit was displayed by the web application. However, the victim was unable to sell the shares. In exchange for allowing him to sell the shares, the cybercriminals began requesting more money. The victim spoke with his nephew about the problem. After seeing the application, his nephew told him it was fraudulent,” he said. |
About The Author
Suraj Koli is a content specialist in technical writing about cybersecurity & information security. He has written many amazing articles related to cybersecurity concepts, with the latest trends in cyber awareness and ethical hacking. Find out more about “Him.” –
Read More:
Due to Cybersecurity Concerns, More than 40% of J&K Government Websites are Still Inactive
About Author
English