Share Trading Scam
Share Trading Scam: A man from Navi Mumbai lost Rs.45.69 lakhs to cyber fraudsters. Cybercriminals hoped that he would get high profits through share trading scam in the stock market.
With Social Media Accounts…
These cyber criminals first send messages that they will bring high profits through trading in stock market on various social media platforms. Just respond to those messages and replay. They hope for high profits. They are tempted to invest in share trading and promise to give good returns. Also, they contacted this victim from Mumbai.
Believing them, the 44- year-old man paid 45.69 lakhs to the said accounts. The victim paid the amount between March 2 and April 14. After that, messages from those cyber criminals stopped coming. If he wanted to make a profit, he also lost the entire investment. With that, the Maharashtra Cyber Crime ( Cyber Crime ) approached the police and lodged a complaint against them.
Registration of The Case
The Police have registered a case against the five accused so far based on the complaint of the victim. The police have registered an FIR against them under section 420 (Cheating, 406 (Criminal Confidence Violation), Indian Penal Code, Information Technology Act and other relevant provisions with help of mobile number and social media IDs.
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Even Last Month….
Navi Mumbai Cyber Police busted a share trading scam in Thane district last month. The police arrested the accused Piyush Javarilal 39) on Meera Road and seized seven mobile phones, 15 SIM cards, nine ATM cards of various banks, two check books, two PAN cards and four rubber stamps from him. The scam to light when a man complained that he was cheated of RS. 29 lakhs from January 18 to February 29 this year.
Gurugram cyber-crime police also arrested two fraudsters who cheated thousands of people across the country worth more than Rs.64 crores on Monday. ACP Priyanshu Diwan said that three laptops, 41 mobile phones and 8 SIM cards were seized from the accused. After examining the date of the Indian Cyber Crime Coordination Center (14C ) through SIM cards, it was found that they had committed a fraud of around Rs. 64.85 crore across the country. The accused have been identified as Pinky, Vikar, Prakash, Dharmender, Suraj and Pooja.