Woman duped of Rs 24 lakh through fraudulent trading app
Pune police have registered a case of cheating after a woman was allegedly defrauded of over Rs 24 lakh through a fraudulent trading mobile application.
As per reports, the victim from Pune was approached by scamsters in January claiming she could earn quick returns through stock investments.
The fraudsters masquerading as advisors manipulated her into installing a trading app and investing her savings in it on the pretext of high profits.
Over the next month, the conmen continuously encouraged her to pump more money by showing bogus profit messages. However, she lost her entire savings of over Rs 24 lakh.
Realizing she had been duped, the woman complained to the Sinhgad Road police station in Pune.
The fraudsters had taken money transfers into four bank accounts they shared with the victim.
This is among 117 investment fraud cases reported from Pune in the past two months, including another where a woman was defrauded of Rs 67 lakh.
Police have launched a probe as cheating and fraudulent activities continue to surge online. Meanwhile, authorities have warned people to verify claims before investing and report any suspicious activity.
