Pune IT Professional Defrauded of Rs 26.55 Lakh in Elaborate Online Trading Scam
In a distressing case highlighting the persistent threat of cyber fraud, a 34-year-old IT engineer residing in the Kesnand area of Wagholi, Pune, has been swindled out of a staggering sum exceeding Rs 26 lakh in a sophisticated online share-trading deception.
Modus Operandi: WhatsApp Group Lure with False Promises
The victim was initially added to a WhatsApp group where members were actively provided with share market investment tips. The group administrators and promoters consistently assured participants of exceptionally high returns on their investments, creating an illusion of a lucrative opportunity.
Between August and October of last year, trusting these assurances, the engineer proceeded to transfer a total of Rs 26.55 lakh to multiple bank accounts. These transactions were executed through various digital payment methods, including UPI (Unified Payments Interface) and direct bank transfers.
Vanishing Act and Police Complaint
After the funds were transferred, the individuals behind the scheme abruptly ceased all communication. The accused later stopped responding to his calls and messages, effectively disappearing and leaving the victim without recourse.
Realizing he had been defrauded, the techie formally lodged a complaint at the Wagholi police station on Wednesday, initiating a cyber crime investigation into the matter.
Authorities Issue Stern Warning Amid Rising Cases
Commenting on the incident, Senior Inspector Sangeeta Devkate of the Cyber police station expressed concern. She emphasized that citizens continue to fall prey to such frauds despite repeated public warnings and awareness campaigns conducted by law enforcement agencies.
This case serves as a stark reminder of the risks associated with unsolicited investment opportunities promoted through social media and messaging platforms. Authorities urge the public to exercise extreme caution, verify the legitimacy of any investment group, and avoid transferring large sums based solely on online promises.
