Cyber fraudsters deceive investors with fake share trading scheme
Kanpur: A cyber fraudster deceived two individuals, including a businessman promising high returns on investments in share trading. The fraudster got the businessman to transfer 46.34 lakh rupees and swindled 10 lakh rupees from the other victim.
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Vishambhar Arora was initially lured through a WhatsApp group that promised exceptional returns on share market investments. The scammers employed sophisticated tactics, using professional terminology and creating a false sense of credibility. They pressured him into making multiple transfers to various bank accounts, totalling 46.34 lakh rupees.
The fraudsters' modus operandi involved removing victims from the WhatsApp group once significant amounts were transferred, effectively cutting off all communication.
This left the victims with no means to track their investments or contact the perpetrators.
Similarly, Ramroop Singh became another victim of this elaborate scheme. The scammers used identical tactics to convince him to invest his savings, resulting in a loss of 9.93 lakh rupees.
Inspector Sunil Kumar Verma of the Cyber Cell stated that the department has initiated an investigation. They are tracking the digital footprints, including the WhatsApp numbers and bank accounts used in the fraud.
The police are also examining the possibility of these cases being linked to a larger cyber crime syndicate operating across multiple cities.
The Cyber Cell has advised citizens to be cautious of unsolicited investment opportunities, especially those promoted through social media platforms. They recommend verifying the credentials of investment advisors through official channels and avoiding transfers to unknown accounts.
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