Latest news with #SharonTrivedi
Time of India
a day ago
- Business
- Time of India
Mangaluru man loses Rs 24 lakh in online investment scam
Mangaluru: A man allegedly lost Rs 24.2 lakh in an online investment scam. The complainant stated that in March last year, while browsing Instagram, he clicked on an advertisement link related to trading, which redirected him to a group called 'Fyers Market Discussion Group'. A person named Sharon Trivedi then added the complainant to a WhatsApp group and sent an application form encouraging him to invest in trading. After filling out the form and registering, Sharon sent a link for the complainant to download and install an app. Sharon Trivedi remained in constant contact and explained various attractive schemes, particularly about Institutional Stock and IPO Placement, urging the complainant to invest money. The app's customer support also instructed the complainant to deposit money and provided multiple bank account numbers and IFSC codes for the same. Similarly, through another Instagram advertisement, the complainant came across a different trading company. A person named Ishita Paul, using different WhatsApp numbers, provided information about trading and sent the complainant a website link. Following the instructions on the website, the complainant invested money and again received several bank account numbers and IFSC codes from the customer support team. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Between April 21, 2024, and May 31, 2025, the complainant transferred a total of Rs 24.2 lakh in multiple instalments via UPI, RTGS, and IMPS to various bank accounts provided by these unknown individuals. Although the fraudsters returned a small amount initially to gain trust, when the complainant asked for the remaining amount, he was asked to pay tax and commission. Despite paying these additional amounts, he was again asked to pay a 10% security deposit to withdraw the rest of the funds. This raised suspicion, and upon further inquiry, the complainant realised he had been cheated. The complainant waited in the hope of recovering the invested money, but, having received nothing, finally filed a complaint at police station. A case has been registered at CEN Crime police station.
Time of India
a day ago
- Business
- Time of India
Promised 200% profit on investment, 2 duped of 3cr
Mumbai: The west region cyber police are probing two cases where complainants were lured with high returns in online share trading leading to a loss of Rs 3 crore. In the first case, a transport businessman lost over Rs 2 crore when he joined a WhatsApp group. He sent money to various bank accounts provided by a woman. In the second case, a 50-year-old man, working for a start-up, lost over Rs 40 lakh after the same set of accused duped him of Rs 41 lakh. The businessman received a WhatsApp message with the name of a known share trading company. The message sender communicated with him in a highly professional manner. The accused added the businessman to two WhatsApp groups. A woman, Sharon Trivedi, and Mehul Goyal, among others, were group admins. The accused sent him a link and made him download an app. The group admins lured him by saying he would get a 200% profit if he traded through their app. The accused gave him bank account numbers and Trivedi asked him to deposit money. He transferred money and could see his investment and profit in the app. In 12 transactions, he sent a total of Rs 2.53 crore. When he tried to withdraw money he couldn't. Trivedi told him to deposit Rs 2 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo He realised it was a fraud and went to the police. In the second case, the complainant told police he saw an ad about online share trading. He clicked a link and was added to a WhatsApp group whose admins were Goyal, Trivedi, and others. He was asked to download an app for trading and given bank accounts to transfer money for trading. Two days after he started sending money, he tried to withdraw money and could withdraw Rs 100. Later, he sent Rs 40.54 lakh. On May 20, Trivedi told him that the value of his investment was Rs 2.18 crore and said she had subscribed to an IPOfor Rs 3.09 crore for him. She asked him to pay Rs 91.55 lakh more. He said he didn't have money and asked her to return his investment, but she refused.
The Hindu
a day ago
- Business
- The Hindu
Investment fraud, Mangaluru resident looses over ₹24 lakh
A city resident lost ₹24.22 lakh to online investment fraud. In a compliant to Cyber Crime, Economic Offenses, and Narcotics (CEN) station, the victim said in March he saw an advertisement related to trading on Instagram. On clicking the link, it led to Fyers Market discussion group on Whatsapp. One Sharon Trivedi sent him link of Fyersplus application. The victim downloaded the application and started transferring money related to different growth schemes on the app. Similarly, he also started investing in the schemes offered by Zeroda Trading company. In all the victim invested ₹24.22 lakh between April 21, 2024 and May 31, 2025. When he asked for return of invested amount, he was asked to pay income tax and commission charges. After paying the charges, fraudsters demanded deposit of 10% of the invested amount as security deposit for return of the invested amount. Realising that he has been cheated, the victim filed compliant seeking action against Fyers Market and Zerodha trading firms.
Time of India
30-05-2025
- Business
- Time of India
Falling for 200% profit offer, man loses 2.5cr
Mumbai: Lured by returns of up to 200%, the owner of a logistics company was duped of over Rs 2.5 crore to a stock market fraud. The fraudsters, who operated a fake trading app, showed him profits in a virtual account but demanded an additional Rs 2 crore to unlock his funds. The victim was added to two WhatsApp grounds in April, whose members, posing as stock market professionals, offered trading tips and promised the targets unusually high returns of up to 200%. The groups were moderated by several numbers, including one claiming to be Sharon Trivedi, the supposed representative of the company. After showing an interest in making an investment, the victim was directed to download an app that mimicked the interface of a legitimate trading platform. Over the next few weeks, he sent Rs 2.5 crore to various bank accounts provided by the fraudsters, believing he was investing in high-return shares. On May 27, when the man attempted to withdraw funds through the app, the request was blocked, and he was asked to pay another Rs 2 crore to access the investment. Realising that he had been conned, he filed a complaint through the cybercrime helpline. —S Ahmed Ali
