India Police Busts Hisar-Based Cyber Fraud Gang Involved in Fake Trading Apps Scam
Interstate Cyber Fraud Ring Disrupted
Law enforcement agencies have made a significant breakthrough in disrupting an interstate cyber fraud ring that operated across multiple states, targeting unsuspecting individuals with fake stock market investment schemes.
According to sources, the scheme resulted in a victim losing approximately Rs. 29 lakh. The investigation began after a complaint was filed by a resident of Barwala, who claimed to have been cheated out of this amount.
Gang Structure and Operations
Preliminary findings suggest that the gang relied on advanced cyber techniques to create illusionary trading dashboards, showing fabricated profit graphs and account growth charts to encourage repeated investments. Communication was either abruptly cut off or redirected to new demands for further payments under false pretexts.
Evidence Seized and Further Investigation
- 18 mobile phones were seized during subsequent raids and searches.
- 33 passbooks and chequebooks were confiscated.
- 22 ATM cards were seized.
- One laptop was also recovered from the accused.
Substantial electronic and financial evidence has been collected, and further analysis is being conducted to determine the extent of the scam and to identify additional victims.
Arrests and Ongoing Efforts
The arrested individuals are currently under interrogation, and it is anticipated that more arrests will follow as the investigation continues. Law enforcement agencies are working together to dismantle the entire network and bring those responsible to justice.
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