Mumbai: A 70-year-old man has lost Rs 2.08 crore in a stock trading investment fraud.
About The Fraud
The scammers provided a bogus web link to the victim where he could see his earnings of Rs 3.54 crore. However, when the victim was asked to pay more money to withdraw his earnings, he realised that he had been duped.
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According to the police, the elderly victim, a resident of Thane, received a link on his phone from one Ravi Singh about share trading-related guidance. The victim clicked the link after which he got added to a WhatsApp group. Singh then added the victim to two other groups. The scammers told the victim that if he followed their guidance, he could earn huge profits.
