Sonbhadra Police Busts ₹2.27 Crore Fake Online Trading App Scam

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Major Crackdown on Fake Stock Trading App Scam Nets ₹2.27 Crore in Uttar Pradesh

A coordinated effort by the Sonbhadar Cyber Police Station in Uttar Pradesh has led to the arrest of a key accused in a massive cyber fraud case involving a fake stock trading app.

The Investigation Unfolds

The scheme cheated a local investor out of ₹2.27 crore, with investigators tracing the operation to a sophisticated setup in Gorakhpur.

According to D.K. Chaudhary, the Cyber Police Station Incharge, “The accused was arrested late at night near AIIMS Gorakhpur, and further investigations are underway to identify other members of the syndicate.”

Sophisticated Setup Uncovered

The investigation, which involved detailed analysis of banking transactions and digital fund flow, uncovered a well-structured call-center style operation run from an office in Vidhyavasini Colony on Bank Road in Gorakhpur.

The setup was cleverly disguised as a solar franchise business, with a signboard displayed outside the premises to avoid suspicion.

Cyber Experts Weigh In

Renowned cybercrime expert and former IPS officer Prof. Triveni Singh commented on the case, warning that similar gangs systematically target individuals using fake investment platforms and promises of high returns.

He noted that cybercriminals often use tactics like showing small fake profits to build trust before trapping victims into investing large sums.

Caution Advised

Cyber police have urged citizens to exercise caution when dealing with unknown links, apps, or investment platforms, emphasizing that any promise of unusually high returns is often a clear indicator of fraud.

The investigation is ongoing, and further revelations are expected in the coming days.